Japan's 300-series stainless CR sheet prices up $294/t

By June 23, Japanese dealers' prices of 300-series stainless cold-rolled (CR) sheets have risen by Yen 40,000/tonne ($294/t) on week over the producers' hikes, and the prices are expected to rise further, according to market sources in Tokyo.

As of Thursday morning, SUS304 2mm CR cut sheets were being transacted at Yen 600,000/t in the spot market in Tokyo, up Yen 40,000/t on week, or having risen by a large Yen 150,000/t since the beginning of this year, sources shared. A Tokyo-based distributor said stainless suppliers have been