Japanese major stainless steel wire maker, Suzuki Sumiden Stainless Steel Wire will decrease the selling price of nickel series stainless steel wire by 165,000 yen per tonne for SUS 304 and by 170,000 yen for SUSXM7 for shipment in November-December. As to other special steel series products, the firm will change the price along each extra of wire rod. The firm will reflect the price down by domestic wire rod makers such as Nippon Steel & Sumikin Stainless Steel (NSSC). Chrome series product prices will be set unchanged.NSSC decreased the selling price of nickel series wire rod by 165,000 yen per tonne for SUS304 effective for the contracts in September. Daido Steel also decreased SUS304M wire rod price by 160,000 yen for shipment in September. Suzuki Sumiden Stainless Steel Wire will change its reselling price for nickel series products to reflect the material price down. Suzuki Sumiden Stainless Steel Wire will change the price along a surcharge system for material price by 3 months. Concretely the price will be revised for the shipment in and after November-December for each user.
Japan Steel Scrap Composite Prices (Sangyo Press)
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