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Thai Stainless Steel Maker Thainox Gets Price-Hike Approval.
Feb. 6--Thainox Steel Ltd has received government approval to increase the price of stainless steel by 28 percent to 105.94 baht per kilogramme, effective this week.
Thainox had sought a new price of 112.50 baht per kilogramme, up from 82.50 baht, citing the rising cost of raw materials. However, the Commerce Ministry approved a smaller increase after a thorough study of movements in raw material prices, said Siripol Yodmuangcharoen, director-general of the ministry's Internal Trade Department.
Thainox was founded by Prayuth Mahakijsiri, a deputy leader of the governing Thai Rak Thai Party. After the ...
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Source: HighBeam Research, Thai Stainless Steel Maker Thainox Gets Price-Hike Approval.