Nippon Steel & Sumikin Stainless Steel announced on 2nd, the firm revised August contract for cold-rolled steel sheet and plate for Japanese dealers and reduce nickel series cold-rolled steel and plate by 10,000 yen per tonne from the previous month. Chrome series cold-rolled steel sheet keeps the current price. The price reduction is on the background of price off of material compared with the last month. The price down for nickel series is for the first time in two months.
Japan Steel Scrap Composite Prices (Sangyo Press)02/22/2018
|35300YEN (-)||38300YEN (-)|
|325.29US$ (0.06)||352.93US$ (0.06)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)