NSSC cuts 300-series prices, but rolls over 400-series for Sept

Nippon Steel Stainless Steel Corp (NSSC), Japan's largest stainless producer, has decided to cut its 300-series cold-rolled coil (CRC) and plate prices by Yen 20,000/tonne ($139/t), but to roll over 400-series CRC prices for September sales to domestic distributors, according to the company.

NSSC's original price cut was decided through its alloy surcharge formula to reflect nickel, ferrochrome prices and exchange rate, which was translated to a reduction of Yen 30,000/t for 300-series CRC and plates and Yen 10,000/t for 400-series CRC. But on the other hand, the company also decided to add