Japanese Steel Mills Start Price Negotiation for NGOES with Chinese Buyers

  • Tuesday, October 8, 2013
  • Source:

  • Keywords:steel Japan
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It’s reported that the Japanese steel mills have started price negotiation for non-grain oriented electrical steel (NGOES) with the Chinese buyers for November deliveries.
 
The Japanese mills have sought to raise prices by US$50/ton for November after hiking prices by US$20~US$30/ton successfully for October.
 
In China, the two major steelmakers Baosteel and Wuhan Iron and Steel Corp. (Wisco) both hiked NGOES prices for October.
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