Japanese Steel Makers Increases the Price Hike with Zinc Price Rising

Japanese steel makers are increasing the price hike in succession with run away of .zinc price. Some integrated steel manufacture estimated that the amount of cost increasing in whole steel industry would become at total over 80 billion yen by zinc price rising. Overseas zinc market price rose by 3 times from one year ago and has possible to become bumpy ride. Each steel maker which makes galvanized products seems to be forced in difficult response to zinc price fluctuation. Zinc price in London Metal Exchange exceeded at US$3,000 from at US$1,000 in last year. The movement that steel makers pass the rising zinc price on the steel products spread for these 3 months. Many steel makers raised their selling price in June or July. Some maker announced the selling price hike in April. Steel makers desperate to the explanation and penetration of the selling price hike because they want to prevent against a downturn in business. Many makers consider second price hike because zinc price rising was very rapid from last year. They couldn’t find out decent wide of price hike. It makes no sense at all that zinc price would decrease to a large degree from the supply and demand or market condition. There is possible to create some debate about price system such as surcharge system.