Japan steel makers win 5-10 pct price rises - paper

Newswire

TOKYO, March 26 (Reuters) - Japanese steel makers are set to to raise prices for major customers such as auto makers and shipbuilders by between five to 10 percent as soon as next month, the Nihon Keizai business daily reported on Friday. Rapid economic growth in China has created strong demand for steel but has also resulted in sharp increases in prices of raw materials such as iron ore and coking coal. The Japanese steel sector, led by Nippon Steel Corp and JFE Holdings , is seeking to ...

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