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Japan, South Korea Stainless Steel CRC demand remain flat

Demand for stainless steel cold rolled coil (CRC) in Japan and South Korea remained flat in August so far, as per MEPS International.

Despite Japan’s leading producer, NSSC, trying to raise domestic list prices for austenitic coils, CRC market transaction values have remained unchanged, this month.

In South Korea, imports from Chinese and other East Asian suppliers have increased significantly during renovation work by the local producer, Posco. The company may lose market share, in the longer term, as the quality of standard items from China has been found to be satisfactory.

Source:Scrap Register

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