October 12, 2008

Nippon Steel and Kobe Steel hike casting pig iron by JPY 20,000 per tonne

JMB reported that Japanese integrated steel makers are getting JPY 20,000 per tonne or more hike for pig iron for castings at ongoing negotiation for April shipment.

As per report Nippon Steel said around JPY 20,000 hike and Kobe Steel said more than JPY 20,000 yen hike before. They try to pass higher cost price through the hike for the first time in 3 years.