SG:NSSC cuts prices of nickel alloy stainless steel scrap for May
Nippon Steel & Sumikin Stainless Steel Corporation the largest stainless steel producer in Japan announced to cut the purchasing prices of the nickel alloyed stainless steel scraps by JPY 5,000 per tonne for May deliveries effective on May 8th 2012.
It’s said that NSSC decided to cut the prices of nickel alloyed stainless steel scrap for May as it forecasted that the scrap price may decrease further due to the sluggish nickel price.
