Tag: steel price hike April 2026
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Japan: Nippon Steel raises stainless wire rod prices; scrap costs add 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…