Nippon Steel increases contract prices of nickel, chromium stainless steel wire rods
2021-12-24 16:07:28 [Print]
Nippon Steel on December 20 announced the price adjustment for stainless steel wire rods contracts signed during December 2021 and February 2022 (with delivery from January-March 2022). The price of nickel-based steel (SUS304) will be increased by JPY35,000/t (USD306/t), and that of chrome-based steel (SUS430) will be increased by JPY25,000/t (USD219/t), including adjustment of alloy surcharge and basic price. The price of nickel stainless steel wire rods of the company has risen for six consecutive quarters since September-November 2020 contract, and that of chromium stainless steel wire rods has risen for four consecutive quarters since March-May 2021 contract; the cumulative increases of nickel and chromium stainless steel wire rods were JPY155,000 (USD1,356) and JPY60,000 (USD525) respectively.
