Japan steel makers conclude tinplate export price negotiation
JMB reported that Japanese integrated steel makers concluded the tinplate export price negotiation with most of Asian buyers by early the week to increase by USD 120 to USD 130 per tonne for October to December 2009 shipment from July to September 2009 period.
TEX reported that the Japanese mills have faced a severe uphill battle in export negotiations on steel pipes due to weakened EUR. As the EUR is weakening by 5% or so from the previous time, the European mills have an advantage of 50 to 100 in dollar conversion, and therefore, there is a possibility that the Japanese mills will entirely lose contracts in major negotiations.