Nippon Steel announced on July 10th 2008 that it increases the selling price of H beam up by JPY 15,000 per tonnes or near 15% for distributors for July order.
Nippon Steel increased the price by total JPY 45,000. The firm tries to cover higher cost for iron ore, ferroalloy, ferrous scrap and ocean freight through the first hike in 3 months.
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