Tag: Japan: Steelmakers may raise rebar prices in H2CY22 amid rising electricity costs

Japan’s electric arc furnace (EAF) steel manufacturers’ profit margins have declined in H1CY2022 due to soaring electricity costs. Electricity costs have risen majorly because of surging fuel (natural gas and coal) prices against the backdrop of Russia’s invasion of Ukraine. The increase in fuel import prices in H1 started reflecting in electricity prices in H2.…