Tag: Nippon steel stainless steel wire rod contract

Nippon Steel will lower stainless steel wire rod prices for domestic market by JPY 20,000/t for nickel-based (SUS304) and JPY 5,000/t for chromium-based (430) steel for Mar-May’23 contracts. This happened mainly because of rising molybdenum prices. Meanwhile, chrome prices stayed stable and the yen appreciated against the dollar. Earlier, the steelmaker increased prices by JPY…