Nippon Steel cuts contract prices of nickel stainless steel plates in July
2022-07-12 18:02:40 [Print]
Nippon Steel recently announced the price adjustment program for domestic stainless steel plate contracts signed in July 2022. In specific, the contract price of SUS304 nickel stainless steel cold rolled plate was reduced by JPY30,000/t (USD4,455/t), while the base price remained unchanged, only alloy surcharge being decreased; and the base price and alloy surcharge of SUS430 chrome stainless steel cold-rolled sheet were also unchanged
. This is the first time the company cut the price of nickel stainless steel plate since April 2020.