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Tokyo Steel raises January product prices by upto 9% on overseas rally-The 18th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
12/22/2016 Stainless Steel Exhibition |
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Reuters reported that Tokyo Steel Manufacturing Co Ltd would raise the prices of its products for a second month in a row, reflecting higher international steel prices and rising raw materials prices.
Tokyo Steel Manufacturing said that product prices will rise by about 5% to 9% for
January delivery, marking the first time in three years that it has raised its prices for two consecutive months.
Mr Kiyoshi Imamura managing director told reporters that the latest move would translate to price rises of about JPY 3,000 to JPY 5,000 (USD 25.50 to USD 42.60) a tonne due to firmer scrap metal prices and a series of price hikes by global steel mills to pass on surging coking coal prices.
-The 18th China(Guangzhou)Int''l Stainless Steel Industry Exhibition
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