Japan's 300-series stainless CR sheet prices to rise further

By September 5, Japanese dealers' prices of 300-series stainless cold-rolled (CR) sheets had risen by Yen 30,000/tonne ($214/t) since late August after the market returning from the public holidays in mid-August. And dealers are aiming to add another Yen 20,000/t to their prices, market sources in Tokyo shared.

As of Monday morning, SUS304 2mm thick CR cut sheets were being transacted at Yen 680,000/t, up Yen 30,000/t on month and hitting a 15-year high. And the total rise since June 2020 when Japanese producers first started lifting their list prices has reached Yen 320,000/t, sources confirmed. A Tokyo-based