- Nickel-based wire rod prices increase by JPY 35,000/t
- Semiconductor demand supports domestic consumption
JapanMetalDaily: Nippon Steel has increased its domestic stainless steel wire rod prices for June-August 2026 contracts (July-September rolling schedule), citing higher raw material, energy, and logistics costs.
The producer raised prices for nickel-based (SUS304) wire rod by JPY 35,000/t and chrome-based (SUS430) grades by JPY 15,000/t. The increase includes a JPY 10,000/t base price hike for both product categories, marking the second consecutive quarter of base price revisions.
With the latest adjustment, cumulative price increases over the past four quarters have reached JPY 120,000/t for SUS304 and JPY 45,000/t for SUS430. Nippon Steel attributed the move to rising costs of heavy fuel oil, LNG, electricity, auxiliary materials, equipment, and freight, which have been further impacted by geopolitical developments in the Middle East.
The company also revised prices for special grades. SUSXM7 prices were increased by JPY 35,000/t, SUS303 by JPY 30,000/t, SUS316 by JPY 75,000/t, and SUS310S by JPY 55,000/t, reflecting higher alloy costs, particularly for nickel and molybdenum-containing products.
Market participants noted that domestic demand remains relatively stable, supported by the automotive sector, while recovery in semiconductor and data center-related applications has accelerated. However, overseas markets continue to face sluggish demand conditions.
Outlook
Japan’s stainless steel wire rod market is expected to remain supported by elevated raw material and energy costs. While domestic demand from high-value manufacturing sectors remains healthy, weak export market conditions may continue to limit broader consumption growth.
Note: This article is published as part of a content exchange agreement between JapanMetalDaily and BigMint.
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