Osaka Steel, Japan’s largest steel section producer and a subsidiary of Nippon steel, has decided to add Yen 3,000/tonne ($27/t) to its section list prices for July domestic sales, making it the second consecutive month hike for the steel mill to partially offset rising input costs, a company official confirmed on June 17.
The latest price increment is not as much as the Yen
10,000/t rise in June, as “we have not completed transferring all the rising production
costs in June, we need another hike to improve our financial situation,” he
Osaka Steel does not reveal its actual list prices, and on
the morning of June