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06 Feb
11:39

NSSMC caught in coking coal quandary

Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) says it is trying to push through steel price increases in the current quarter to ensure it can meet its profit forecasts for the year ending March 2017. Customers are pushing back, however, as the raw materials prices NSSMC is citing to support its hike are now falling, Kallanish notes. "We're explaining to our customers about high materials costs and asking them to accept a pr…
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