Japan's biggest stainless steel mill, Nippon Steel & Sumikin Stainless Steel, has announced new ex work price of March 2010.

In order to offset increasing nickel costs, the price for domestic market increased over $55/mt. The company's price of 304 cold rolled stainless steel sheets was at JPY 365,000/mt, increased by JPY 5,000/mt from February.

The price of 430 cold rolled stainless steel sheets also increased by JPY 15,000/mt to JPY 267,000/mt. For export market, NSSC is targeting a price rise of up to $100 to $200/mt.