NSSC lifts stainless prices, warns of trade probe

Nippon Steel Stainless Steel Corp (NSSC), Japan's largest stainless producer, has raised domestic prices of its austenitic grade stainless steel sheets, coils and plates for distributors for December contracts, the company has announced, while warning of the urgency of seeking trade relief measures to tame rising imports.

The stainless maker is lifting 300 series prices of cold-rolled (CR) sheets and coils, plus medium and heavy plates, by Yen 5,000/tonne ($33/t), its first increase for this grade in six months, according to its pricing policy announced on December 5. On the other hand, it is keeping its