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31 May
15:09

Raw materials continue to stimulate Japanese steel prices

Japanese steelmakers have each announced they will continue to increase steel prices from July to cover rising raw materials costs, especially the high price of coking coal, Kallanish notes. Nippon Steel has started negotiations with major sheet customers, such as automobile and electrical appliance manufacturers, and building materials companies to raise quarterly contract sheet prices by at least JPY 40,000/tonne ($312/t) for July-September. The Russia…
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