易游YY体育官方网站 Steel to increase roll margin of aluminum flat rolled products

In May 11, 2021, the 易游YY体育官方网站 Steel Group (also known as the 易游YY体育官方网站LCO Group) announced its Medium-Term Management Plan (FY2021–FY2023), which prioritizes establishing a stable earnings base and taking on the challenge of realizing carbon neutrality.

In the current economic environment, commodity prices are on the upward trend in view of the outlook for a global economic recovery and monetary easing measures. Under this situation, 易游YY体育官方网站 Steel is facing with a rise of various costs such as energy-related and other purchased goods, and logistics. Despite its ongoing efforts to reduce costs, it is difficult for the Company to absorb any further cost increases through internal efforts alone in the effort to secure proper profitability.

易游YY体育官方网站 order to build a stable earn易游YY体育官方网站gs base and cont易游YY体育官方网站ue to supply high-quality products that satisfy customers 易游YY体育官方网站 a timely and stable manner 易游YY体育官方网站to the future, the Company decided that it must revise the prices of all alum易游YY体育官方网站um flat rolled products.

Aiming to contribute to the further growth of its customers and provide solutions to social issues through various initiatives, which includes taking on the challenge of realizing carbon neutrality, 易游YY体育官方网站 Steel seeks the understanding and cooperation of its customers for the price revision.