Nippon Steel lifts stainless section price by 15% in April

Nippon Steel, Japan's largest integrated steel producer, has decided to add 15% to its stainless section prices for domestic sales from April mainly to transfer higher production costs, a company official confirmed on February 8.

Nippon Steel's latest price increment applies to its 300-series angles, channels, flat bars and rolled H-beams and C-shaped hot-rolled bars effective for April shipments, and the company may consider further hikes should the input costs continue to rise, according to the official. The Japanese steelmaker has started lifting its stainless