Japanese Steel Industry Asks Nuclear Power to be Maximized

Japan Iron and Steel Federation President Eiji Hashimoto told reporters that the country’s steel industry wants the new government to maximize the use of nuclear power.

The federation’s chairman Hashimoto, is also the president of Japan’s largest steelmaker, Nippon Steel Corp.

Hashimoto also said that his company would target large domestic manufacturers such as automakers to seek increases in steel prices. He added that they would also look for six month price negotiations, where prices are set after product shipment.

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