Japan’s Nippon Steel is revising its hot rolled coil (HRC) price policy upwards with regard to its March shipments. The steel major will further increase its offers from the previous week’s levels. Consequently, Nippon Steel has decided to raise prices of HRCs by more than $100/tonne against the February price, for March shipments. Currently, the steel major is negotiating for March shipments, where customers’ bid prices are heard to be more than $850/t CFR levels.
Leave a Reply