Nippon Steel raises structural steel price by $136/t

Nippon Steel, Japan’s largest integrated steel producer, has started notifying its domestic consumers including general contractors, distributors and construction steel leasing companies of the probability that it will lift its list price for structural carbon steel used in civil engineering by Yen 15,000/tonne ($136/t) soon, a company official shared on September 8.

The latest adjustment is to transfer rising input costs, and once effective, Nippon Steel will have added Yen 30,000/t onto the prices of structural steel including sheet piles and pipe piles so far in 2021, she added. “The hike will not be enough for us to make profits, and we may have to re-negotiate with some