Kobe Steel increases the price of welding material by around 10% for the delivery in June except for flux for submerged arc welding, stainless steel material, 9% nickel steel, aluminium and backing material, announced on Tuesday. The Japanese largest welding material maker passes higher cost price of wire rod, steel sheet and flux material to products price.
The firm explains the firm must increase the price for stable materials procurement and products supply. The firm could increase the price more depending on raw materials cost when mining companies offer quarterly raw material price setting.Japan Steel Scrap Composite Prices (Sangyo Press)
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