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    Tokyo Steel to maintain steel prices stable for 6th mth in Jan 2024

    sxcoal.com Company,  Price,  International,  Steel Products 2023-12-22 13:57:27

    Tokyo Steel Manufacturing Co., Ltd, the leading electric-arc furnace steelmaker in Japan, announced that it will continue to hold its steel product prices unchanged in January next year in light of slow demand in the domestic manufacturing and construction sectors.

     

    In January, 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 sixth 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 Riley Liang  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

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