Japan Metal Daily: Nippon Steel Stainless Steel has announced a price reduction for nickel-based cold-rolled thin sheets by JPY 5,000/t ($35/t), effective for Nov’24 contracts. Domestic demand remains weak, but sectors such as housing equipment and commercial kitchens show growth. Export pressure from oversupply, particularly from China, continues, prompting calls for trade remedial measures.
Japan: NSSC cuts prices of cold-rolled thin sheets for Nov’24 contracts
alloy price adjustment Chinese stainless steel exports commercial kitchen sector growth construction industry slowdown Domestic demand housing equipment sector nickel price volatility nickel-based cold-rolled thin sheets Nippon Steel Stainless Steel November 2024 price reduction price-linked system raw material cost fluctuation semiconductor recovery stainless steel industry sustainability stainless steel pricing strategy trade remedial measures Japan
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