Reuters reported that shares in JFE Holdings jumped nearly 8% on Monday after the company said it may raise steel prices to offset soaring raw materials costs.
The spokesman confirmed a Nikkei business daily report on Sunday about the possible price hike.
The spokesman added that the company does not have a specific plan as to when or how much of its soaring costs it will transfer to clients, but he said a possible price hike could come as early as for the October to December quarter.
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