Nippon Steel raises steel flat prices by $48/t from Oct
Sep 18, 2020 16:00
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Nippon Steel, Japan’s largest integrated steelmaker, has decided to lift domestic prices of its sheet products for spot sales and for re-rollers by Yen 5,000/tonne ($48/t) from October shipments. Market watchers were relaxed about the increase Friday, saying the rise had been expected.
Mysteel Global was unable to confirm the hike
with Nippon Steel because September 18 was a designated company holiday.
However, sources close to the steelmaker said the increase is for hot-rolled,
cold-rolled and pickled coils, along with galvanized coils and sheets, and that
the increase equates to approximately a 6-8% climb. The steel giant