Nippon Steel sets price hike for plate
Japan's Nippon Steel is seeking a 10 percent rise in steel plate prices from Japanese shipbuilders to cover soaring raw materials costs.The new price of ￥110,000/ton would take effect October 1 under contracts with domestic shipbuilders and machinery makers.Nippon Steel needs to raise prices to offset a tripling of costs, especially the coking coal and iron ore.
The increased price would narrow the difference with Korean shipyards.
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