Special Steel Makers Perform Hikes of the Price of the Special Steel bar for Automakers

摘要

In the negotiations of the prices of special steel bars for major automakers, special steel makers such as Daido Steel will suggest they perform the price hikes by 10,000-15,000 yen per tonne for structural steel. Blast furnace steel makers such as Kobe Steel and Sumitomo Metals (Kokura), Ltd. have not yet decided the prices. Compared with special steel makers, blast furnace steel makers' price hikes are likely to become 15,000 yen or more per tonne because their costs increases dramatically.