November 20, 2008

Nippon Steel to hike plate steel by JPY 10,000 per tonne

Nippon Steel announced on Tuesday that the firm increases the selling price of plate steel and checkered plate by JPY 10,000 per tonne for distributors for August order.

The release said that Nippon Steel increases the price by total JPY 40,000 including JPY 20,000 in March and JPY 10,000 in May. The firm tries to improve the lower price than international level when the offshore price surges under tight supply.