JFE Steel to hike galvanized pipe prices by 10 percent

Japanese steelmaker JFE Steel announced that it would hike prices of galvanized steel pipe products for July order, which are rolled in August and shipped in September, due to rising zinc cost. JFE will increase its prices by around 10 percent both for distributors and contract users. The move is the first price hike the company has put into effect for galvanized steel pipes since April 2005.