JMB reported that Japanese integrated steel makers started to study for sheet steel price hike for fiscal 2010 starting April.

As pre report, they started to explain supply and price conditions of East Asian steel market and global raw materials market to contract users including automakers and appliance makers while the steel makers will offer price hike depending on price negotiation for iron ore and coking coal.

Some steel makers offer several thousands yen of hike for over rolled sheet steel to the distributors at monthly price revision.