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Japan's Osaka Steel lifts Nov section prices by $44/t

ABSTRACT

Osaka Steel, Japan's largest steel sections producer and a subsidiary of Nippon Steel, has decided to raise its list prices of sections by Yen 5,000/tonne ($44/t) for November domestic sales, as domestic steel scrap prices have risen sharply recently, a company official shared on October 20.
"We have kept October prices unchanged to give the market one month to digest the previous price increments, and recent rapid rises in production cost including scrap price has prompted us to lift November prices to transfer some added cost," he explained.   Over June-September, Osaka Steel increased its section price by

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