Tag: Japanese steelmakers announce additional hike in re-bar prices amid soaring production costs

Japan’s electric-arc furnace (EAF) steel manufacturers have announced additional hike in re-bars prices due to soaring ferro alloys prices coupled with rising electricity and fuel costs. Moreover, the high production costs are likely to continue for the time being. Thus, to improve profitability, steel makers have decided to hike prices of re-bars of various grades.…