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

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