Nachi-Fujikoshi announced an increase of cutting tool prices due to soaring raw material price

August 11, 2018

NACHI-FUJIKOSHI will raise the price of cutting tools from August 1, 2018.

Tungsten and cobalt, which are main raw materials for cemented carbide and high-speed-steel, continue to soar in prices due to rising demand all over the world.

Transportation costs are also continue to rise, and the company decided to raise prices because it was unable to absorb them by self-help efforts such as improving productivity.

Increase prices by 8% to 10% for high-speed drills, by 10% for high-speed end mills, and by 10% for indexable tool.

Tool prices have been rising successively by major manufacturers such as Sumitomo Electric Industries and Mitsubishi Materials, and there is a possibility that the number of companies will also increase the price in the future.