Tuesday, 15 Feb 2011
JMB reported that Japanese major steel makers start sheet steel export price talk in the week for April to June 2011 period.
The makers already realized USD 750 per tonne to USD 800 per tonne FOB for hot rolled coil for March 2011 shipment while some of the makers offer USD 900 for spot transaction for March 2011 shipment.
They eye USD 1,000 level in and after April 2011.
The makers now prepare for higher offer for domestic sheet steel price and now the price hike range is considered at JPY 15,000 to JPY 20,000 per tonne level.
(sourced:japanmetalbulletin)
Tags: JMB, Japan steelmakers, steel prices, March2011 shipment, spot transaction, higher prices, raw materials
Showing posts with label higher prices. Show all posts
Showing posts with label higher prices. Show all posts
Tuesday, February 15, 2011
Tuesday, February 8, 2011
Steel merger may not lead to higher prices - Mr Toyoda
Tuesday, 08 Feb 2011
Bloomberg quoted Mr Shuhei Toyoda president of Toyota Boshoku Corporation as saying that the planned merger of Nippon Steel Corporation and Sumitomo Metal Industries Limited may not lead to higher prices.
Mr Toyoda spoke to reporters in Toyota City after a factory tour. Toyota Boshoku, which makes car interior parts, is 39% owned by Toyota Motor Corporation.
On the merger's impact on steel prices, Mr Toyoda said that "I don't think the merger was intended to result in higher prices."
On the need for steelmakers to move production overseas, he added that "Japanese carmakers definitely need high quality steel overseas. Until now, they've had to spend money to ship from Japan or buy cheaper and lower quality steel locally. The Japanese steel industry operates very domestically."(sourced:bloomberg)
Bloomberg quoted Mr Shuhei Toyoda president of Toyota Boshoku Corporation as saying that the planned merger of Nippon Steel Corporation and Sumitomo Metal Industries Limited may not lead to higher prices.
Mr Toyoda spoke to reporters in Toyota City after a factory tour. Toyota Boshoku, which makes car interior parts, is 39% owned by Toyota Motor Corporation.
On the merger's impact on steel prices, Mr Toyoda said that "I don't think the merger was intended to result in higher prices."
On the need for steelmakers to move production overseas, he added that "Japanese carmakers definitely need high quality steel overseas. Until now, they've had to spend money to ship from Japan or buy cheaper and lower quality steel locally. The Japanese steel industry operates very domestically."(sourced:bloomberg)
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