October 12, 2008

Nippon Steel to hike SQ bar prices by JPY 30,000 per tonne

JMB reported that Nippon Steel has increased the selling price of special steel bar and wire rod by more than JPY 30,000 per tonne for April retroactively.

Nippon Steel already offered more than JPY 20,000 per tonne hike at negotiation from February adding JPY 10,000 per tonne after jump of coking coal price and ferrous scrap.