NSSC cuts 300 series stainless prices by $32/t

The wide fluctuations in global nickel prices have forced Japan's largest stainless producer, Nippon Steel Stainless Steel Corp (NSSC), to again lower and raise its two price components to smooth out the bumps for its domestic customers. The result is a Yen 5,000/tonne ($32/t) reduction in its selling prices for austenitic flat products for current month sales to distributors and service centres, the company has announced.

NSSC's domestic prices comprise a 'base' price that covers general working costs and profit, and an 'alloy link' component under which prices of alloys – principally nickel and chrome – and exchange rate changes are automatically passed on, an agreement that's been in place with domestic customers for over