SMM News: Japan Railway stainless Steel Co., Ltd. (NSSC) announced on May 8, The domestic contract prices of cold rolled nickel series stainless steel sheet such as SUS304, medium and thick plate and chromium series stainless steel cold rolled sheet such as SUS430, which were sold to China in May 2019, were increased by 5000 yen / ton. This price increase is reflected in the alloy surcharge and the base price remains unchanged. This is also the price of nickel stainless steel for three months in a row.
During the period from March to April 2019, the average international nickel price continued to rise, from $5.83 / lb in the previous period (February-March 2019) to $5.87 / lb. The average contract price of ferrochromium rose from 120cents to 124cents per pound of chromium as a result of the price increase in the second quarter, and the yen continued to depreciate, rising to 112.49against the dollar from 111.81 in the previous period. As a result, the import cost of stainless steel alloy materials such as nickel and chromium continues to rise.
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