Japan's 300-series stainless CR sheet prices stay flat

By October 28, Japanese dealers' prices of 300-series stainless cold-rolled (CR) sheets have remained flat for more than a month, chiefly due to stagnant buying activities among customers, market sources in Tokyo shared.

As of Friday morning, SUS304 2mm thick CR cut sheets were being transacted at Yen 680,000/tonne ($4,644/t), unchanged on month after hitting a 15-year high in early September, though stainless distributors continued targeting the prices to reach Yen 700,000/t, sources confirmed. A Tokyo-based stainless distributor shared that there were only