Trade Resources Economy NSSC Raises Its Domestic Prices for Ferritic CRC by 10,000/Ton for May

NSSC Raises Its Domestic Prices for Ferritic CRC by 10,000/Ton for May

Tags: NSSC, CRC Prices

Nippon Steel & Sumikin Stainless (NSSC), the largest stainless steel producer in Japan announced to raise its domestic prices for ferritic cold rolled coils (CRC) by 10,000/ton for May contract in order to reflect higher ferrochrome prices.

It’s learned that the contract prices for ferrochrome for April through June increased by US$0.145/lb. from US$1.35/lb. in a quarter ago. Meanwhile, the company decided to leave its domestic prices for austenitic CRC and plates unchanged for May contracts. NSSC pointed out that although the average nickel prices dropped by US$0.5/lb. to US$7.09/lb. in April, the depreciated Japanese Yen against the US dollar made the imported nickel become more expensive.

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64375&division=A1
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Japanese NSSC Leaves Austenitic CRC Prices Unchanged for May
Topics: Metallurgy