Flat Ni and Higher Cr Stainless Prices in Tokyo

Stainless cold rolled flat steel market price keeps flat at 510,000-520,000 yen per tonne for SUS304 grade products around Tokyo. The market price is strong at around 250,000 yen per tonne for SUS430 grade due to higher chrome price. Dealers have anticipation for the prices up.Demand for nickel series stainless sheet keeps slow from dealers except for electric appliances or commercial kitchens, while demand for chrome series is firm from automobiles. Makers are accepting much orders for high grade chrome series products. The supply is tight.Japanese cold rolled flat steel inventory held by coil centers decreased for 5 consecutive months, according to the industry association. Makers’ and dealers’ inventory adjustment has advanced steadily. A major dealer source said the market inventory could decrease with sales increase at dealers when makers continue output reductions.