JFE to up steel sheet price by Y20,000 from April

Newswire

TOKYO, Feb 24 (Reuters) - Japan's JFE Steel Corp said on Thursday it will raise prices of steel sheet for sale through distributors by 20,000 yen ($242) per tonne from April, signalling to high-volume contract users such as Toyota Motor Corp the level of price hike it seeks. Input costs for steelmaking are expected to rise sharply in the April-June quarter as demand in Asia remains strong and unresolved logistical bottlenecks due to disruptions in Australia boost coal prices, though steel ...

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