Nippon Steel Stainless Steel (NSSC) has reduced prices of nickel-based cold-rolled thin sheets by JPY 5,000/t ($31/t), effective for Jan’25 contracts, reversing last month’s JPY 5,000/t ($31/t) price increase. This adjustment is due to lower LME nickel prices and a weakened yen. While domestic demand is expected to stay strong, the construction industry is facing labour shortages.
Japan: NSSC cuts prices of cold-rolled thin sheets for Jan’25 contracts
cold-rolled steel prices construction industry Domestic demand January 2025 contracts January 2025 steel prices. Japan Metal Daily Japan metal industry Japan steel market JPY 5000/t price decrease labor shortages LME nickel prices nickel-based cold-rolled thin sheets Nippon Steel Stainless Steel non-ferrous metals Price reduction stainless steel price update weakened yen
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