Japan Stainless Plate Price in Strong Tone around Tokyo

Stainless steel plate market price is strong at 540,000 yen per tonne for SUS304 hot rolled coil plate around Tokyo and 660,000 yen for plate mill products. Japanese makers announced the price hike for all products due to rising chrome price. Makers get a balanced supply against the demand. The demand and supply is expected to be tighter in near future.The demand is strong in whole world. Japanese makers’ sales keep high to export. They are being accepted big project order for domestic energy industry or high-vacuum chamber for liquid crystal and solar battery.Hot rolled stainless plate sales increased to 9,800 tones in March and the inventory decreased to 34,500 tonnes. The inventory keeps decreasing trend.