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  • Tokyo Steel to keep product prices steady in November

    2020-10-21 08:49:14   [Print]
    Tokyo Steel Manufacturing Co.Asian Metal Copyright .Asian Metal Copyright, Japan's top electric-arc furnace steelmaker, said on Monday it would keep product prices steady in November to make sure a hike implemented this month would be absorbed by the market.

    The company raised some of its product prices by 2.2% to 3.Asian Metal Copyright4% in October.Asian Metal Copyright4% in October.

    For November, prices of its main H-shaped beams will stay steady at 81,000 yen ($769) a tonne while hot rolled coils will remain unchanged at 67,000 yen a tonne.

    It said overseas markets looked healthy thanks to strong demand in the world's top consumer China, while Japan's domestic demand was gradually picking up, with inventories of some steel sheets showing a shortage.

    .Asian Metal Copyright Asian Metal Copyright
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