|  | 04/30/2008 |
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Japan Major Steels Expect Lower Profit for F2008
Japanese major steel makers expect extremely high cost for raw materials and energy reduce the profit for the year ending March 2009. Nippon Steel announced the provisional consolidated recurring profit is 370 billion yen for the year, which is 34.4% lower than previous year when the cost of raw materials, energy and freight increases by around 1 trillion yen for the year from previous year. They try to increase the steel selling price by around 30,000 yen per tonne to cover the higher cost. Their profitability could improve depending on how much and how early they would realize the price hike.
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 | Japan Major Steels Expect Lower Profit for F2008
| | Flat Ni and Higher Cr Stainless Prices in Tokyo
| | Firm H-Beam Price in Tokyo
| | Strong Structural Carbon Steel Bar Price in Tokyo
| | Firm Ferrous Scrap Price in Tokyo
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