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According to a report by The Nikkei on March 11, Nippon Steel plans to raise the prices of steel sheets sold to retailers and secondary processing manufacturers by approximately 10%, effective for orders shipped starting in May. JFS A3021 JEC340P Automotive steel strip, This marks the company's first price hike since the shipments made in March 2024.
The price adjustment is primarily driven by rising raw material costs, as well as increased labor and logistics expenses. JFS A3021 JEC340P Automotive steel strip, The price increase will apply to all steel sheet products, including hot-rolled, pickled, cold-rolled, and coated sheets.
