Japan Stainless Plate Price is Weak Tone around Tokyo

Stainless steel plate market price is strong for overseas while is weak for domestic dealers. Stainless steel plate market price is 550,000-570,000 yen per tonne for SUS304 hot rolled coil plate around Tokyo and 670,000-690,000 yen for plate mill products.Japanese makers are being accepted big project order for LNG, chemical tanker, desalination plant. The supply and demand keeps tight. The shipping of searing processors for dealers is slow. Maker source said the order from liquid crystal manufacturing equipment is starting increasing.Hot rolled stales plate inventory increased to 41,376 tonnes by 12.6% in December 2007 from a year earlier while decreased by 3.2 from November 2007, according to Japanese stainless plate searing processor’s association. Maker source said the demand for dealer is recovering step by step.