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    Tokyo Steel to maintain steel prices unchanged for fifth mth in Dec

    sxcoal.com Company,  Steel Products 2023-11-24 10:35:50

    Tokyo Steel Manufacturing Co., Ltd, the leading electric-arc furnace steelmaker in Japan, announced on November 23 that it will maintain its steel product prices unchanged in December in light of the sluggish activities observed in the domestic construction sector and weak overseas demand.

     

    In December, the prices for steel bars, including rebar, will remain steady at 98,000 yen/t ($663/t), and H-shaped beams at 127,000 yen/t.

     

    This marks the fifth consecutive month that Tokyo Steel opted to keep prices unchanged for all its steel products. The company reduced prices for certain products in July.

     

    Tokyo Steel's pricing is closely monitored by its Asian competitors, such as Posco and Hyundai Steel from South Korea, as well as China's Baoshan Iron & Steel Co Ltd.

     

    (Writing by Rebecca Liu  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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