Japan’s NSSC lifts Nov 300-series CRC, plate prices

Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, is again raising list prices of 300-series cold-rolled coils (CRCs) and plates for domestic sales to distributors, this time by Yen 5,000/tonne ($48/t) for November orders, a sales official from the company confirmed on November 6. The adjustment is its fifth since June and again, it is blaming higher nickel prices.

NSSC, a wholly owned subsidiary of Japan’s largest integrated steelmaker Nippon Steel, began ratchetting up its prices for 300-series CRC and plate since June on the back of rising nickel costs, adding Yen 5,000/t for June and August sales, Yen 10,000/t for September and another Yen 5,000/t for October sales. With the latest