Nippon Steel fixed the plant to increase selling price of all steel pipe products by over 15% or 15,000 yen per tonne in April, which increased by 5% in January-March. The firm already announced the price hike to all dealers and users. Targets are forge weld steel tube, electric resistance welded steel tube, seamless steel tube, UO Steel tube and bending roll steel tube.
In overseas market, hot rolled coil market price in USA or Asian steel market price is rising. The supply and demand is becoming tight when the demand is expanding in mainly East Asia. There is important issue steel makers must get decent margin against rising raw material price. Nippon Steel is reducing production cost, while judged the firm should improve selling price for stable supply of steel products.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
