November 22, 2008

Japanese steelmakers to supply more steel to automakers

JMB reported that Japanese integrated steel makers try to increase the steel supply for automakers.

As per report, Japanese steel makers are studying potential higher output to keep stable supply when automakers are accepting around JPY 28,000 per tonne of price hike for fiscal 2008 started April from previous year.

The supply is estimated to increase by around 200,000 tonnes in April to September 2008.