NSSC Japan To Hike Domestic Prices of Steel Products

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Nippon Steel & Sumikin Stainless (NSSC), the largest stainless steel producer in Japan announced to hike its domestic prices for stainless cold rolled coils and plates by Yen 5000 per ton for February contracts due to higher alloy prices.

The price rise was driven by higher nickel prices in January. Meanwhile, the weaker Japanese Yen in January was not sufficient to offset its input prices. Affected by these factors, NSSC decided to raise prices by Yen 5000 per ton for February.

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