Author: Manya Dewangan

Aichi Steel, a Japanese steelmaker and a member of the Toyota Group, increased its SUS304 stainless steel scrap purchase prices by JPY 10,000/t ($63/t), effective 8 May, marking another sharp hike amid tightening scrap availability and firm export demand. The latest increase follows two earlier revisions in April, highlighting continued strength in Japan’s stainless steel…