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Japan’s biggest steelmakers are raising prices of the metal used in everything from cars to skyscrapers and warning of more to come.

JFE Holdings Inc.’s steel-making unit will raise prices by ¥20,000 ($160) a ton across all products from April to compensate for surging coking coal and iron ore costs, according to a spokesman at the company. Additional hikes are likely this year as transport costs are also rising, he said. JFE estimates its average steel prices were ¥115,000 a ton in the quarter through March.

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