Nippon Steel to hike plate prices in April

Nippon Steel to hike plate prices in April

Japanese steel producer Nippon Steel Corporation (NSC) will increase the sales price of its steel plate by Yen 5'000 ($46) per for April orders or April-May shipment, sources report. With this move, the total of the price increases since the beginning of the year amount to Yen 10'000 ($93). NSC also disclosed that if demand continues to be strong, further hikes would be made throughout fiscal 2005, which begins in April.