JMB reports that Nippon Steel & Sumikin Stainless Steel Corporation have agreed with their South African supplier to reduce ferrochrome purchase price by 54.9% for the January to March quarter compared to the October to December quarter.
The firm decided to keep continuity of the price by setting standard for negotiation for April-June period while the firm considered putting off the purchase in January-March when the firm has enough chrome inventory under the major production cut.
No comments:
Post a Comment