Hitachi Metals to Hike Corrugated Stainless Steel Tube Price

Hitachi Metals announced on Wednesday the firm would raise the selling price for corrugated stainless steel tube by 16-20% from the present for shipment on and after October 1. The firm passes the increasing material costs on the selling price when stainless steel hoop price is much increasing due to the high nickel price, which is the main material for corrugated stainless steel tube. Hitachi Metals is Japanese top maker of corrugated stainless steel tube which represents 5 billion yen or 60% of the domestic market.