Guidelines of the Japanese Iron and Steel enterprise «Nippon Steel & Sumikin Stainless» has recently been decided to keep the price of stainless steel rolls at the same level. In particular, it concerns the price of products for sale on the domestic market in August this year.
It should be noted that the NSSC management for the second month in a row does not make quotes in their price lists. So, at the beginning of last month, it was reported that the managing structure of «Nippon Steel & Sumikin Stainless» left unchanged at spot prices for its stainless steel products (ie — cold rolled coil and sheet) for sale to customers in the local market this July.
Meanwhile, before marketing the Japanese steel company to flexibly adapt to the price policy of the enterprise by the cost of raw materials on the stock exchanges. Recall that during the last tangible «disturbances» on the trading floors in the early spring of this year, strategists «Nippon Steel & Sumikin Stainless» increased the cost of austenitic cold rolled coils by 10 thousand. Yen per ton.
To date, the Japanese holding company «Nippon Steel & Sumikin Stainless», created in October 2003, is the largest country in the stainless steel products manufacturer. The company was founded by the merger of two powerful operators of the local steel market: «Sumitomo Metal Industries, Ltd» Company and «Nippon Steel Corporation».