The cold-rolled nickel-based stainless steel, SUS304, prices rose by JPY 20,000/t ($123/t) to JPY 630,000/t ($3,891/t) for July delivery. Manufacturers raised prices in May, prompting caution from suppliers amid weak demand. Market prices increased by month-end, and processing wages improved. Manufacturers are hiking prices due to higher costs, while distributors prepare for adjustments in anticipation of short-term upward trends. In the near future, it’s expected to trend upwards.
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