Nippon Steel continues to lower contract prices for nickel-series stainless steel sheets in September 2022
Nippon Steel Stainless Steel Co., Ltd. announced on September 8 to adjust the domestic contract price of stainless steel sheets signed in September 2022: SUS304 and other nickel-series stainless steel cold-rolled sheets and medium and heavy plates will be reduced by 20,000 JPY/ ton, of which the base price will be increased by 10,000 JPY/ton, while the alloy surcharge is reduced by 30,000 JPY/ton; the cold-rolled sheet of chromium-based stainless steel such as SUS430 remains unchanged.
Among them, the base price is also raised by 10,000 JPY/ton, and the alloy surcharge is reduced by 10,000 JPY /Ton.
This is the price and alloy surcharge of nickel-based products for 3 consecutive months and the alloy surcharge for chromium-based products for 2 consecutive months. The base price of the product.
From July-August 2022, the cost of imported stainless steel raw materials nickel and chromium continued to decline. During the period, the average international nickel price dropped from US$10.73/lb in the previous period (June-July 2022) to US$9.86/lb, the fourth consecutive decline; at the same time, the average contract price of ferrochrome dropped from the previous 206 cents/lb chrome It continued to fall to 188 cents per pound of chromium;
However, the yen continued to depreciate, and the exchange rate against the US dollar rose slightly from 136.36 in the previous period to 137.02, reaching 11 consecutive rises.