Weak Stainless Plate Price in Tokyo

Stainless steel plate market price is decreasing edgingly around Tokyo due to low shipment of dealers. The price is around 280,000-300,000 yen per tonne for SUS304 hot rolled coil cut plate and at around 450,000-460,000 yen for plate mill products. Dealers’ inventor y adjustment is taking time due to low shipment. Some dealers’ selling price is significantly low.

Shearing processors’ selling volume is low. The volume decreased to over 5,000 tonnes by over 50% in May compared with October-December 2006 of the peak, according to processor association. A maker source said award volume is high from overseas. On the other hand, domestic demand keeps low. Makers’ selling price is expected to rise for dealers due to rising nickel price.