Welcome to Refwin.com Sign In Join Free Home Inquiry Contact Mobile Publications Free E-Weekly News
  • Directory
  • Price
  • Market
  • Buy
  • News
  • Calendar
  • Dictionary
Company News Industry News Refwin in the News Home > News

Tokyo Steel to raise product prices for December by up to 3.3%

2020-11-18

Nov. 17, 2020 - Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said it would raise prices in December for all its steel products by 2,000 yen ($19) a tonne, or 2.2% to 3.3%, to meet tighter overseas markets and firmer demand at home.

The company kept prices steady this month for all its steel products, including its main H-shaped beams.

For December, prices for steel bars, including rebar, will be hiked by 3.3% to 63,000 yen ($603) a tonne, while prices of U-shaped steel sheet piles will be increased by 2.2% to 95,000 yen a tonne. Prices of H-shaped beams will go up by 2.5% to 83,000 yen a tonne.

Overseas markets are expected to stay tight because of strong demand in top buyer China, with U.S. steelmakers’ operating rates also recovering, while domestic demand is improving and local inventories are declining, the company said in a statement.

Tokyo Steel’s pricing is closely watched by Asian rivals such as South Korea’s Posco and Hyundai Steel , and China’s Baoshan Iron & Steel Co Ltd (Baosteel).
About Us Site Map Service Our Partners Links Inquiry Contact FAQ Privacy Statement Technical Support

Sponsored by: ACRI (The Association of China Refractories Industry), Tangshan YinNaiLian E-Business Co., Ltd.

Copyright © 2005-2020 Refractories Window All Rights Reserved

Tel: +86-315-5918500 Fax: +86-315-5918828 Email: info@refwin.com

ICP经营许可证编号: 冀B2-20060049 ICP备案号: 冀ICP备17015545号

冀公网安备 13024002000198号 营业执照