According to the Reuters news agency, the executive vice-president of Nippon Steel & Sumitomo Metal Corp (NSSMC), Mr. Signa Higuchi, said at least 20 percent of the summer, Mr. Sinya Higuchi.
According to Hichuga, he is sure that most of the NSSMC customers will easily accept the increase in the cost of metal products by $ 150 per ton. “The costs of imported raw materials in the yen increased, since the currency has become very fallen in price. We need to ask our partners to accept this increase, ”said NSSMC vice president.
Auto manufacturers, shipbuilding industry and electronics manufacturers gain great benefits from weakening the yen and, according to the leadership of the largest Japanese metallurgical company, will accept the upcoming growth of steel prices.
Negotiations between Japanese metallurgists and their main consumers in Japan take place every six months. At the same time, metallurgical companies quarterly review contracts for the supply of iron ore and coking coal. Therefore, the final determination of new prices for steel is often delayed. In particular, quotes for April - September 2013 must be determined at the end of June.
Japanese steel corporation Nippon Steel & Sumitomo will raise prices by 20 percent
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Azovpromstal® 5 June 2013 г. 10:54 |
