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Japan's NSSC adds $193-618/t to May stainless flat prices

ABSTRACT

Nippon Steel Stainless Steel Corp (NSSC), Japan's largest stainless producer, has decided to add Yen 25,000-80,000/tonne ($193-618/t) to its stainless cold-rolled coil (CRC) and plate prices for May domestic sales, to transfer the further rise in production costs and to reflect weakening Japanese Yen, according to a company official.
By product, NSSC is adding Yen 80,000/t to its 300-series CRC and plate products and Yen 15,000/t for the 400-series through the company's surcharge formula, and Yen 10,000/t for the base price for the 400-series to reflect the rise in iron ore and coal prices.   The company consumes more molten iron

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