JFE Steel sets the odder price of hot rolled coil to increase by US$ 150-200 per tonne to South Korean rerollers for the shipping in April-June and of plate to increase by US$ 250 per tonne to South Korean shipbuilders for the shipping in April-September. The firm already started the price negotiations with some of South Korean rerollers and shipbuilders.The firm increases the price when hot rolled coil market price increased to US$ 700 per tonne and plate market price increased to US$ 900 in Asia, and material price for such as iron ore is expected to rise by a large margin.
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Japan Steel Scrap Composite Prices (Sangyo Press)
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