Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japan’s Nippon Steel Stainless Steel Corporation has increased the contract price of stainless steel for domestic sales in June.


SUS304 nickel-based stainless steel cold-rolled sheet and medium plate were hiked by JPY15,000/mt ($136/mt), and SUS430 chromium-based stainless steel cold-rolled sheet price was raised by JPY10,000 /mt. This was reflected in the alloy surcharge, with the base price unchanged. 


Since 2021, the cumulative increase in the prices of Nippon’s nickel-based and chromium-based products has reached JPY50,000/mt and JPY30,000/mt, respectively.


Nickel on the LME has jumped 13.32pc or by $2,139 on June 1 from April 1 to $18,322/mt, inducing a price hike in SS products as raw material prices continue to be bullish. 



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