Company NSSC (Japan) reduces the cost of stainless steel for deliveries in may 2011

Leader in the production of

stainless steel in Japan, metallurgical

the company «Nippon Steel & Sumikin Stainless Steel

Corporation», announced the reduction of prices

stainless products private

production for export may

supplies. According to the new price list

Corporation, cold-rolled products

metal 304 of the brand fell $100 for

ton, amounting to 3900−4000 dollars for

ton, for deliveries to conditions CIF.

Regarding the development of

the situation with prices on stainless steel

when cash transactions, employees «NSSC»

expressed without certain promises:

«…as for spot transactions

stainless steel, at present value

steel in such transactions difficult

to predict with any degree

exactly. Since the domestic market

metal is unstable, the level of demand

varies greatly and is constantly

„jumping“ exchange rates».

Recall that several

months earlier, the management «Nippon Steel &

Sumikin Stainless Steel Corporation» reported an increase

the cost of stainless steel at

export in the last winter

month. Then steel 300 grade has risen

100 USD/ton. At the same time

NSSC raised prices for buyers

domestic market, increasing its «price»

300 series 120 $ per ton.