GulfBase Live Support
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 |
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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 |
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