Company officials noted that this is the first price hike since February 2024, following a period of 20 months during which prices remained unchanged.
The company attributed the adjustment mainly to rising electricity and transportation costs as well as pressures on production. The statement emphasized that escalating costs have squeezed profit margins, making it urgent to revise sales prices.
According to Osaka Steel, the price revision is not only intended to offset current cost pressures but also to ensure financial sustainability in line with the company’s strategic production plans and profitability targets. Officials also highlighted that fluctuations in energy prices and higher logistics expenses could impact overall price stability in the steel market.
Experts suggest that Osaka Steel’s decision may trigger a new phase of price rebalancing in Japan’s and the broader region’s steel markets. The increase could also prompt other players in the supply chain to take similar measures, creating wider cost pressures across the steel sector.
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