NSSC raises 300-series base prices on rising costs

May 10, 2012 | 02:34 AM |

Japan's biggest stainless steel producer Nippon Steel and Sumikin Stainless Steel Corp (NSSC), raised its base price for austenitic sheet and plate for the first time in eight months to offset rising energy costs. The company lifted its base prices by ¥5,000 per tonne ($63) for June deliveries, but simultaneously cut its alloy surcharge by a similar amount to reflect lower nickel prices, effectively leaving prices unchanged from the previous month. On the other hand, it raised....





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