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Subject Nippon Steel to lift H-beam price
Writer sdparkmr Date 2010-03-27 10:48:11 Count 5610
   
   
Nippon Steel to lift H-beam price
Japanese steelmaker Nippon Steel announced to lift H-beams price by ¥15,000/ton (US$162) for April delivery.

The price has increased by 40 percent compared with that of January. The increase reflects a 55 percent rise in the price of raw materials according to new contracts with miners.

Other steelmakers, like JFE Steel and Tokyo Steel, will follow Nippon Steel to raise H-beam price soon.


News Date 3/26/2010 10:30:56 AM reported by Richard Kuo
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