Tokyo Steel to raise product prices for December
2020-11-19 08:36:47 [Print]
Tokyo Steel Manufacturing Co
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.
. , 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.