Japan’s Datong Special Steel increases the contract price of stainless steel bars and profiles
Japan’s Daido Special Steel Co., Ltd. announced on April 7 that from the contract signed in April 2022 (shipped in June), the sales price of stainless steel bars and profiles will increase by more than 20% (depending on the alloy content of the steel grade). ), the chromium series rose by 10% to reflect the soaring prices of major stainless steel raw materials such as nickel and chromium, as well as various other materials. Especially since March, the raw material market environment has changed greatly, and the market price has risen sharply. The company’s cost reduction measures are not enough to fully absorb the increase in costs.
Japan’s Daido Special Steel Co., Ltd. said that since last year, the demand for stainless steel related to industrial machinery including semiconductor manufacturing equipment has been strong, and the company has continued to maximize production. At present, its stainless steel order volume is expected to remain high, in order to meet the increase in demand, will try to further increase production.