Nippon Steel concluded the export price hike negotiation with a major South Korean reroller to increase the hot coil price by US$ 10 to FOB US$ 550 per tonne for January-March shipment compared with October-December. The export volume is same level as October-December. The firm succeeded to increase the hot coil price by more than US$ 100 per tonne since January-March 2006 under tight supply condition. The firm tries to increase the price more for April and after shipment when raw materials cost could increase.
Japan Steel Scrap Composite Prices (Sangyo Press)
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