UPDATE 2-Nippon Steel plans 20 pct price hike - Nikkei

Newswire

* Will ask customers to accept around $240 hike -Nikkei * JFE also seen asking for similar rise (Adds detail, background) Feb 25 (Reuters) - Nippon Steel Corp will ask auto makers and other major customers to accept a roughly 20,000 yen ($242) a tonne price rise for steel products starting in April, the Nikkei business daily said, as soaring material costs take their toll. Nippon Steel, the world's No.4 steelmaker, will propose the around 20 percent jump as early as mid-March, the ...

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