22/02/2011 00:00 AST

Reuters reported that Tokyo Steel Manufacturing Co will raise prices of all its products in March 2011 to cover rising input costs.

Tokyo Steel said that it will raise H beam steel prices by JPY 3,000 to JPY 81,000 per tonne in March 2011.

It may be recalled that Nippon Steel Corporation has raised its February 2011 contract price for H beam steel by 3% to 4% or about JPY 3,000 per tonne, from the previous month.

Costs of steel scrap, a major input for Tokyo Steel, are rising on strong demand from Asian consumers.


Reuters

Ticker Price Volume
Index Closing Change
NIKKEI 225 36,581.76 -251.51 (-0.68%)
DAX 18,699.40 181.01 (0.97%)
S&P 500 5,626.02 30.26 (0.54%)
Trump to reduce impact of auto tariffs, commerce secretary says

30/04/2025

President Donald Trump's administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and k

Reuters

BRICS ministers meet in Brazil over Trump trade policies

29/04/2025

Senior diplomats from the BRICS grouping of nations gathered Monday in Brazil to present a united front in the face of US President Donald Trump's aggressive trade policies. The meeting comes at a cr

AFP

ECB set for deeper interest rate cutting cycle

28/04/2025

Spiralling inflation in the Euro-Zone was finally stabilized last year after an unprecedented cycle of policy rate increases by the European Central Bank (ECB). The ECB began the record tightening se

The Peninsula

Egypt's annual unemployment rate eases to 6.6%

28/04/2025

Egypt's unemployment rate declined to 6.6 percent in 2024, down 0.4 percent from the previous year, driven by lower joblessness across both urban and rural areas and by growth in sectors such as agri

Arab News

Saudi Arabia, Qatar to clear Syria's $15m World Bank debt

28/04/2025

Saudi Arabia and Qatar have agreed to jointly pay approximately $15 million to settle Syria's arrears to the World Bank, a move set to unlock renewed development funding for the war-torn country.

Arab News