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Japan's major steelmakers, Nippon Steel and JFE Steel, recently announced price hikes for their domestic flat steel products, citing factors such as rising raw material costs and increased operational and logistics expenses.
According to reports, Nippon Steel has announced that, effective this April, it will raise the price of thin-gauge rolled steel sheets supplied to domestic distributors and secondary processors by 10,000 yen (approximately $63) per ton. JFS A3021 JEC440P Automotive steel strip, This marks the company's first price increase for this product category since March 2024. Previously, the company had primarily absorbed cost pressures through internal adjustment measures—such as cost-cutting—passing only a portion of these costs on to downstream customers.
This price hike encompasses a wide range of products—including hot-rolled black sheets, pickled sheets, cold-rolled sheets, and coated sheets—and affects customers ranging from steel distributors to manufacturers of steel pipes and light structural profiles. JFS A3021 JEC440P Automotive steel strip, Furthermore, the Group's subsidiaries specializing in building materials and medium-to-heavy plates are also considering price increases for their respective product lines.
Separately, another Japanese steelmaker, JFE Steel, previously announced a similar initiative, raising domestic flat steel prices by 10,000 yen per ton. JFS A3021 JEC440P Automotive steel strip, This adjustment will apply to orders shipped in May, covering hot-rolled, cold-rolled, and coated sheet products, and is primarily directed at general industrial users—including steel pipe manufacturers. Sectors utilizing long-term pricing contracts, such as the automotive industry, are exempt from this price revision.
In a comparative context, China's Baosteel had previously announced price increases for its major flat steel products; specifically, the price of hot-rolled coils sold domestically in April was raised by 200 yuan per ton (approximately US$29 per ton).
