Japan’s NSSC lifts Mar-May stainless rod prices

Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, has lifted its list prices of both the 300-series and 400-series wire rod by Yen 5,000-25,000/tonne ($46-229/t) for March-May sales mainly to reflect higher alloy prices, a company official confirmed on Marcy 26.

The prices of the 304-grade wire rod will be increased by Yen 25,000/t and the 430-grade wire rod up Yen 5,000/t from the price levels over December-February, as both nickel and ferrochrome prices have been on the rise in recent three months, which has justified NSSC’s stainless longs price increments according to its