Nakayama Steel Works, Ltd. announced that it would raise the selling prices of all steel products by ¥5,000 per tonne for negotiations for October deliveries. The move reflects soaring energy prices, as well as increases in auxiliary-material prices and logistics costs.
Nakayama Steel Works, Ltd. announced that it would revise the selling prices of all steel products for negotiations for October deliveries. Prices will be raised by ¥5,000 per tonne.
The revision is described as a response to the impact of rising costs, including raw materials and energy. In particular, soaring electricity and energy prices were cited as the backdrop.
Rising auxiliary-material prices and logistics costs were also cited as factors behind passing costs on to customers, representing a response to changes in the company-wide cost structure.
The revision covers all steel products and will apply to negotiations for October deliveries. Developments will need to be monitored based on Nakayama Steel Works, Ltd.’s announcement.