ST: Japanese CR stainless steel price improves for the first time in 2 years
JMB reported that Japanese market price of nickel series stainless cold rolled flat steel rebounded in Tokyo and Osaka for the first time in 2 years.
The prince increased by JPY 10,000 per tonne by end of last week when the dealers tried to increase the reselling price under higher makers' selling price and normalizing supply balance with lower dealers' inventory.
However, the market is still uncertain when lower Chinese market price could impact on the domestic market.
