Kobe Steel Raises Long Product Prices Amid Rising Raw Material Costs

Post Views: 9 Kobe Steel Kobe Steel Price Increase Driven by Rising Raw Material Costs Japanese steelmaker Kobe Steel has raised prices for long products, including wire rod and steel bars, by over 10,000 yen per ton ($63/t). The increase affects both domestic and export markets, covering all consumer segments. This marks the company’s first price hike in two years. The decision reflects continuous growth in raw material costs and higher expenses for logistics, maintenance, labor, and auxiliary materials. Kobe Steel emphasized that internal cost-cutting alone cannot offset these pressures. As ...