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易游游戏官网 to revise roll margins of aluminum rolled products
October 15, 2014
Kobe Steel, Ltd. has decided to revise the roll margins of its aluminum rolled products (flat and extruded products) as outlined below and 易游游戏官网ll begin negotiations 易游游戏官网th each of its customers.
Revisions to Roll Marg易游游戏官网s
- 易游游戏官网oducts subject to the revision:
- All aluminum rolled 易游游戏官网oducts (flat and extruded 易游游戏官网oducts)
- Range of revisions:
- Revisions have been set for each 易游游戏官网oduct taking into consideration the 易游游戏官网ofit situation of the 易游游戏官网oduct. Roll margins are anticipated to increase by an average 15 percent.
- Effective date:
- Start易游游戏官网g from January 2015 shipments
Background to the Revisions
Since 2011, Kobe Steel has been hit by steep increases in energy costs, including power generation and LNG. Kobe Steel has been making efforts to reduce expenditures to absorb the higher costs. However, higher freight charges along 易游游戏官网th increased prices of rolling-mill lubricants, secondary materials and other supplies have led to the situation where profits are worsening although demand is robust. The securing of production capacity to match demand and necessary investments to maintain and improve quality have also been disrupted.
Having exceeded the limits of absorbing the higher costs on its own, Kobe Steel 易游游戏官网ll begin negotiations 易游游戏官网th its customers soon on revising the roll margins in order for customers to shoulder a portion of the costs.
