Tokyo Steel to hold product prices steady for 4th straight month

Tokyo Steel Manufacturing Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright Japan's top electric-arc furnace steelmaker held prices steady for all of its steel products in January, including its main H-shaped beams.Asian Metal Copyright said on Monday it would keep steel product prices unchanged for a fourth straight month in February, as it awaited confirmation that a recovery in steel markets would continue both at home and abroad.

Japan's top electric-arc furnace steelmaker held prices steady for all of its steel products in January, including its main H-shaped beams.

For February, prices for steel bars, including rebar, will remain at 62,000 yen ($563) a tonne while H-shaped beams will also stay at 83,000 yen a tonne.

"Overseas steel prices have been recovering since late last year and the rally may even pick up after the China's Lunar New Year break," Tokyo Steel Managing Director Kiyoshi Imamura said at a briefing.

Domestic demand is also solid, but labor shortage and limited processing capacities have delayed various construction projects, causing dull market activities, Imamura said.

.Asian Metal Copyright For February, prices for steel bars, including rebar, will remain at 62,000 yen $563 a tonne while H-shaped beams will also stay at 83,000 yen a tonne.Asian Metal Copyright