{"id":70226,"date":"2026-07-01T15:51:55","date_gmt":"2026-07-01T09:51:55","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70226"},"modified":"2026-07-01T15:51:55","modified_gmt":"2026-07-01T09:51:55","slug":"japan-nippon-steel-raises-heavy-plate-prices-by-jpy-5000-t-31-t-for-jul26-orders-amid-rising-operating-costs","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70226&lang=en","title":{"rendered":"Japan: Nippon Steel raises heavy plate prices by JPY 5,000\/t ($31\/t) for Jul&#8217;26 orders amid rising operating costs"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Company capitalising on recent demand recovery to pass on rising costs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Further price hikes possible amid &#8220;structurally high&#8221; costs post Middle East crisis<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Japan Metal Daily:\u00a0Nippon Steel has decided to implement an additional price increase of JPY 5,000\/tonne (t) ($31\/t) on heavy plate sales across all domestic sectors, effective for new orders accepted in July (generally corresponding to shipments in September). Combined with the JPY 10,000\/t ($62\/t) increase announced for orders accepted in April, the cumulative price hike in the last three months amounts to JPY 15,000\/t ($92\/t).<\/p>\n<p>This decision stems from the sharp rise in production costs, which the previous price increase was unable to fully cover. Furthermore, domestic demand for thick plates, which had been sluggish for a long time, is finally improving, and as a result, the supply of coils has been tightening rapidly. It seems that, bolstered by these favourable supply-demand conditions, the company is moving quickly to pass on costs that exceed what it can absorb through internal cost-cutting measures.<\/p>\n<p>The additional price increase applies to all sectors, including domestic contract customers, construction material projects, and sales to general retailers. The company has already begun notifying customers and distributors of the increase.<\/p>\n<p>Domestic demand for thick plates had been stagnant for a long time. However, immediately after the price increase in early spring, demand began to improve, though this was limited to certain segments. Recently, however, the construction-related sector, a key area, has recently begun to recover. Orders for steel, particularly for large-scale projects such as semiconductor factories, data centres, and logistics warehouses, are gradually increasing. Furthermore, manufacturing sectors such as construction machinery, industrial machinery, and shipbuilding are showing clear signs of recovery.<\/p>\n<p>On the cost front, in addition to soaring labour, transportation, and materials and equipment costs, prices of crude oil, LNG, bunker fuel, and refractory materials and various transportation fees have also risen due to the subsequent deterioration of the situation in the Middle East. Since these factors are not merely temporary but involve &#8220;structural elements,&#8221; the company stated that &#8220;it is essential for the entire supply chain to bear its fair share of the burden in order to maintain a sustainable and stable supply,&#8221; leading to the decision for this additional price increase.<\/p>\n<p>Although the retail market has yet to emerge from its slump, signs of recovery are beginning to emerge in some regions. Despite the time lag, if manufacturers price increases lead to a revival of end-user demand, the market for base materials and the prices of cut sheets are expected to strengthen further.<\/p>\n<p>However, given the outlook that various costs will remain &#8220;structurally high&#8221; for the time being, the company suggests that &#8220;depending on future trends, there is a possibility of announcing further price increases.&#8221;<\/p>\n<p><em>Note: This article has been published in accordance with a content exchange agreement between BigMint and Japan Metal Daily.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company capitalising on recent demand recovery to pass on rising costs Further price hikes possible&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-70226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=1280%2C720&ssl=1?v=1782899506",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?resize=150%2C150&ssl=1?v=1782899506",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=300%2C169&ssl=1?v=1782899506",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=640%2C360&ssl=1?v=1782899506",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=640%2C360&ssl=1?v=1782899506",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=1280%2C720&ssl=1?v=1782899506",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=1280%2C720&ssl=1?v=1782899506",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?resize=1115%2C715&ssl=1?v=1782899506",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?resize=800%2C500&ssl=1?v=1782899506",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=1024%2C576&ssl=1?v=1782899506",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?resize=540%2C340&ssl=1?v=1782899506",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?resize=400%2C250&ssl=1?v=1782899506",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-77.jpg?fit=1280%2C720&ssl=1?v=1782899506","jetpack-related-posts":[{"id":68576,"url":"https:\/\/biztrend24.com\/?p=68576&lang=en","url_meta":{"origin":70226,"position":0},"title":"Japan&#8217;s ferrous scrap exports decline in Q1CY&#8217;26 amid tighter supply, higher prices","author":"Biz Trend 24","date":"June 20, 2026","format":false,"excerpt":"Export prices climb up, reducing competitiveness of Japanese scrap Vietnam turns to alternative suppliers, reducing imports from Japan Bangladesh imports rise due to short sailing times, quality preferences Morning Brief:\u00a0Japan's ferrous scrap exports declined 10% y-o-y to 1.6 million tonnes (mnt) in Q1CY'26 from 1.8 mnt in the corresponding period\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-62-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-62-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-62-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-62-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-62-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":52006,"url":"https:\/\/biztrend24.com\/?p=52006&lang=en","url_meta":{"origin":70226,"position":1},"title":"Japan: Tokyo Steel maintains scrap purchase prices steady in recent revision","author":"Biz Trend 24","date":"December 28, 2025","format":false,"excerpt":"Tokyo Steel has revised scrap purchase prices effective 27 Dec'25. This marks the third price review this week followed by fourth time in month. In the latest update, the company kept scrap purchase prices unchanged across all of its plants. Prices: Kyushu, Tokyo Bay: JPY 44,500\/t ($286\/t). Tahara, Okayama, Nagoya\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-28T132528.830_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766906622&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-28T132528.830_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766906622&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-28T132528.830_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766906622&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-28T132528.830_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766906622&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-28T132528.830_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1766906622&resize=1050%2C600 3x"},"classes":[]},{"id":55407,"url":"https:\/\/biztrend24.com\/?p=55407&lang=en","url_meta":{"origin":70226,"position":2},"title":"Japan: Tokyo Steel cuts scrap purchase prices at Kyushu, keeps rates unchanged at other plants","author":"Biz Trend 24","date":"January 28, 2026","format":false,"excerpt":"Tokyo Steel revised its scrap purchase prices for the second time this month, effective January 27, 2026. The company cut prices by JPY 500 ($3\/t) at its Kyushu plant, while keeping rates unchanged at other facilities. Price revisions at the Takamatsu plant remain suspended. Kyushu: JPY 43,500\/t ($284\/t). Tahara, Okayama,\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-28T113632.121.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-28T113632.121.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-28T113632.121.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-28T113632.121.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-28T113632.121.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":56774,"url":"https:\/\/biztrend24.com\/?p=56774&lang=en","url_meta":{"origin":70226,"position":3},"title":"Japan: Kanto scrap tender prices extend rally in Feb&#8217;26, approach Jun&#8217;23 highs","author":"Biz Trend 24","date":"February 10, 2026","format":false,"excerpt":"Japan's February Kanto scrap tender marked its seventh consecutive increase, returning to levels last seen in June 2023, with bids up JPY 1,312\/t ($8\/t) m-o-m. 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