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Japan's NSSC up Nov domestic stainless CRC, plate prices

ABSTRACT

Nippon Steel Stainless Steel Corp (NSSC), Japan's largest stainless producer, has lifted its domestic list prices of the 300-series cold-rolled coils (CRC) and plate, and 400-series CRC all by Yen 10,000/tonne ($89/t) on month for November domestic sales to distributors, mainly to transfer some added cost from ferrochrome, a company official confirmed on November 10.
The actual increment was finalized according to its alloy surcharge formula, as the FeCr price quarterly settlement with South African suppliers for October-December has grown to $1.88/lb, up $0.24/lb or about 14.6% on quarter, according to him.   NSSC will raise its stainless prices again for December domestic sales, as the company's

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