NSSC hikes stainless steel prices
Japan's largest stainless steel producer Nippon Steel & Sumikin Stainless Corporation (NSSC) has hiked its prices of nickel-based sheets due to rising nickel costs. Accordingly, the price of 304-grade steel has been increased to Yen 525,000/mt (approx. $4,463/mt) this month from Yen 510,000/mt (approx. $4,335/mt) in October. This rise is the eleventh consecutive monthly increase in the price of the subject product. Nippon Steel Corp holds an 80 percent stake in NSSC, while the remaining 20 percent is held by Sumitomo Metal Industries Ltd.
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