Strong Cr Stainless Cold Sheet Price, Weak Ni Stainless in Tokyo

Stainless cold rolled flat steel market price is weak at around 460,000 yen per tonne for SUS304 base size around Tokyo while the price is strong at 270,000 yen for SUS430. The demand for nickel series products, SUS304 is slow in September of demand season while the demand for chrome series products is firm. Japanese stainless steel makers are raising the selling price of chrome series products step by step. Nippon Steel & Sumikin Stainless Steel, Japanese biggest stainless steel maker, announced to skip thee accepting order of nickel series products for the contract in September, which skipped for 2 consecutive months for decreased inventory o dealers. However, dealers’ inventory is slightly decreasing due to when dealers’ sales doesn’t increase. Makers anticipate much inventory. Nickel series products market price slightly increased in the beginning of September from August. Large dealer said the market price keeps same level due to slow demand.