October 11, 2008

Sumikin Stainless raises SS tube prices

Japan’s Sumikin Stainless Steel Tube has announced to increase its prices for welded austenitic stainless steel tubes by USD 230 per tonne this month. Prior to this price hike, its price has not risen for five months.

The current new price of welded tubes is around USD 6,490 per tonne. Besides, the company also announced to cut production to adjust stock levels in the market.