JFE to hike prices of its plates for export
According to recent news in the market, Japanese steel producer JFE Steel is considering a price hike of it steel plates for export to be in effect in fiscal 2004. The planned price is at the level of $450/mt FOB per tonne, as for the time being.
First increase is planned to be effected on the exports of subject product to
Korea, and later on for the material exported to
China.
The price increase that is going to be effected is attributed to the expected hikes in the cost of steel materials and
freight rates in fiscal 2004.