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 raw material market. Market participants noted that major Japanese stainless steel producers are raising procurement prices aggressively to secure adequate scrap supplies.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aichi Steel, a Japanese steelmaker and a member of the Toyota Group, increased its SUS304…<\/p>\n","protected":false},"author":1,"featured_media":65862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-65861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=1280%2C720&ssl=1?v=1778581091",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?resize=150%2C150&ssl=1?v=1778581091",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=300%2C169&ssl=1?v=1778581091",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=640%2C360&ssl=1?v=1778581091",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=640%2C360&ssl=1?v=1778581091",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=1280%2C720&ssl=1?v=1778581091",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=1280%2C720&ssl=1?v=1778581091",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?resize=1115%2C715&ssl=1?v=1778581091",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?resize=800%2C500&ssl=1?v=1778581091",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=1024%2C576&ssl=1?v=1778581091",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?resize=540%2C340&ssl=1?v=1778581091",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?resize=400%2C250&ssl=1?v=1778581091",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-36-4.jpg?fit=1280%2C720&ssl=1?v=1778581091","jetpack-related-posts":[{"id":68226,"url":"https:\/\/biztrend24.com\/?p=68226&lang=en","url_meta":{"origin":65861,"position":0},"title":"India: 304 grade scrap prices drop w-o-w following volatility in LME nickel prices, low demand","author":"Biz Trend 24","date":"June 13, 2026","format":false,"excerpt":"304 scrap prices ease amid bearish nickel sentiment Import market remains slow as bid-offer gap persists India's stainless steel scrap market recorded mixed trends in the week ended 12 June 2026, as participants navigated bearish nickel sentiment, rising freight costs, and ongoing global supply concerns. 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