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Archive for April 9th, 2008

AK boosts price of steel in U.S. to record high

The price of steel in North America has hit $1,000 (U.S.) a ton for the first time despite the sharpest economic downturn in more than a decade.
AK Steel Holding Corp. has raised prices for hot rolled steel - generally seen as a benchmark for steel prices - by $150 a ton immediately, its second price [...]

Steelmakers accept 200% coking coal price increase

Nippon Steel Corp, JFE Steel Corp and other major Japanese steelmakers have accepted a proposal from Australian and British mining giant BHP Billiton Ltd/Plc to triple the coking coal price for fiscal 2008, industry officials said Wednesday. The coking coal price increase, an earlier-agreed 65% hike in iron ore prices and markups in [...]