|  | 06/24/2010 |
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JFE Steel Raises Steel Tube for Oil Well by US$ 400 for April-September
JFE Steel agreed the price hike of steel tube for oil well by US$ 300-400 per tonne with Oil companies for April-September from January-March. The firm raised the price by US$ 300 for April-June and additionally raised by US$ 100 for July-September due to rising iron ore and coal prices. The demand for oil well steel tube decreased rapidly in last year while recovered in this year. The firm will raise the price for October shipping and starts the price negotiation from July. The firm announced to change long period contract to quarter base to users when raw material price changes with quarter.
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 | JFE Steel Raises Steel Tube for Oil Well by US$ 400 for April-September
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