In September, Japan's domestic sales of stainless flats including hot-rolled (HR) and cold-rolled (CR) coils and sheets among 32 major coil centers nationwide had declined for the fourth straight month by a further 3.9% on year to 52,914 tonnes, according to the latest data released by Japan Stainless Coil Centers Association (JSCA) on October 26. Market sources attributed the decline to the fact that buyers had secured materials before prices rose further.
However, Japan's September sales increased by 13.2% on month. And sources said the rise was due to the low base of August and also because September had more business days than August.
JSCA sales account for about 60% of Japan's total stainless flat sales, Mysteel Global notes.
A sales official from
To read the full article take a free 7-day trial to Mysteel Global