Tag: melt shop cost pressure

Both nickel- and chromium-based wire prices hiked Rising scrap prices increase meltshop production costs SteelDaily: Nippon Steel has increased domestic stainless steel wire rod prices for March-May contracts, reflecting sustained cost pressure from raw materials, currency fluctuations, and rising input costs. Nickel-based (SUS304) witnessed a sharp increase, while chromium-based (SUS430) also moved higher, marking the…