Japan's 300-series stainless CR sheet prices up $87/t

In Japan, dealers' prices of 300-series stainless cold-rolled (CR) sheet have risen by Yen 10,000/tonne ($86.7/t) on month as of January 12, mainly to reflect price hikes by producers, according to market sources in Tokyo on Thursday.

By January 12, SUS304 2mm CR cut sheets were being transacted at Yen 460,000/t in the spot market in Tokyo, up Yen 10,000/t on month. And distributors are expecting the price to reach Yen 470,000/t by the end of January, sources shared. A Tokyo-based stainless steel distributor said that the