|  | 12/22/2009 |
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NSSC, Xstrata Agree to Cut FeCr Price Marginally in January-March
Nippon Steel & Sumikin Stainless Steel (NSSC) agreed with Xstrata by Monday to reduce ferrochrome purchase price by 1.8% for January-March from October-December. NSSC followed settlement in Europe last week. The price was settled materially to keep the level under major stainless production cut in Europe while the suppliers in South Africa sought higher price to cover higher cost. Ferrochrome price is expected to be strong when South African electricity cost will increase widely in April.
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 | NSSC, Xstrata Agree to Cut FeCr Price Marginally in January-March
| | Nippon Steel Raises Magnetic Sheet Export Price by US$ 50 in January
| | Midrex Technologies Gets DRI Plant Order from Jindal Steel & Power
| | Japan Steel Export Increases by 34.5% in November
| | Flat Ferrous Scrap Price in Tokyo
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