December 02, 2008

NSSC cuts SS plates and CR prices

Nippon Steel & Sumikin Stainless Steel announced that it has reduced the selling price by JPY 95,000 per tonnes for nickel series cold rolled sheet and plate for distributors for August 2007 order to reflect lower nickel ingot price.

It however rejected the order receipt from distributors and keeps the 40% output reduction for cold sheet at Hikari plant in September 2007 compared with April to June 2007 level.