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Tokyo Steel Manufacturing Co., Ltd., a Japan-based steel producer, decided to keep its steel prices unchanged in June because of worrying about decreasing demand in the automobile industry.
In terms of steel plates, the automobile industry is still not expected to recover, and the inventory is still at a high level.
Apart from that, due to the lockdown in Shanghai city, the market and distribution are stagnant; therefore, the situation might make the steel demands result in negative effect.
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