Stainless steel bar price is strong at 670,000 yen per tonne for SUS304 and 970,000 yen for SUS316 around Tokyo. The price is expected to rise when nickel price increases.
Stainless steel bar demand keeps high, even though the orders became less than mid 2006 at dealers around Tokyo. Dealers are forced to raise their reselling prices to follow strong price hike by stainless steel bar makers. Dealers receive some nominal orders when stainless steel bar users anticipate the market price rises more. The market inventory is rather high as a result. Nickel price keeps increasing and stainless steel scrap price also continues to update record high which partly exceeds 400,000 yen per tonne at makers’ purchasing price. Some users seek substitute materials for stainless steel due to too high price.| 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
