Japanese Steel Mills adjust Stainless Steel Wire Contract Prices
Nippon Steel Stainless Co., Ltd. recently announced the adjustment of the contract price of stainless steel wire rods signed from September to
November 2022 (shipped from October to December): SUS304 nickel series products will drop by 50,000 yen per ton, and SUS430 chromium series
products will be adjusted. stay the same. This is another reduction in the contract price of its nickel series products after the reduction in July-
August and the price contract period has been restored from 2 months to 3 months.
In addition, Japan’s largest stainless wire rod producer Nippon Seiki also announced recently that the contract price of nickel-based stainless
steel wire rods such as SUS304 from October to December 2022 will be reduced by 35,000 JPY/ton, while the contract price of chromium-based
stainless wire rods such as SUS430 will increase. 15,000 JPY/ton.