Nippon Steel Stainless Steel (NSSC) has reduced prices of nickel-based heavy and cold-rolled thin sheets by JPY 5,000/t ($32/t), effective for Feb’25 contracts, citing lower LME nickel prices and a weak yen. This marks the third consecutive price reduction for 300 series. The company is closely observing the oversupply issue and the impact of low-cost imports, particularly from China.
Japan: NSSC cuts prices of cold-rolled thin sheets for Feb’25 contracts
300 series stainless steel 400 series prices china stainless steel cold-rolled stainless steel energy sector demand February price update global steel market. Japan Stainless Steel Market Japan: NSSC cuts prices of cold-rolled thin sheets for Feb’25 contracts Japanese manufacturing Japanese steel industry LME nickel prices low-cost imports nickel-based stainless steel NSSC Japan NSSC price cut oversupply concerns stainless steel demand stainless steel price trends steel import impact yen weakness
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