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NSSC to increase stainless CR prices

16 May 2007 15:28 reported by Wenger Wang

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Japan’s largest stainless steel producer, NSSC has launched a hike for cold rolled stainless sheet by ¥50,000/ton (US$416/ton) because of an increasing surge of nickel.

The hike will push NSSC’s price for July delivery of its 2mm 304 series CR stainless sheet to ¥710,000/ton on the back of the increase to a rise in its alloy surcharge.

While May contract prices for non-nickel 430 series makes no changes staying at ¥225,000/ton.

The company insisted there is little evidence to improve a significant slowdown in demand.

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