Stainless steel bar price decreased by 40,000 yen to around 760,000 yen per tonne for SUS304 grade compared with last month and by 40,000 yen to 1.14 million yen for SUS316 around Tokyo. Japanese stainless steel makers reduced the selling price by around 15% for the contract in August. Because those products are being delivered to dealers, the market price decreased.The demand is firm for mainly manufacturing industry. Dealer source said mainly stainless steel products is sheet in the market and the demand of stainless sheet isn’t weak. Maker source said the order for stainless steel bar would increase by 20-30% in October-December compared to July-September.The inventory is seemed to decrease in the market. But the adjustment of the inventory is expected to take a time through the end of this year.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
