|
|
| |
|
|
Tokyo Steel holds product prices unchanged for a third month¡ªThe 18th China(Guangzhou)Int¡¯l Heat Treatment, Industrial Furnace Exhibition
4/19/2017 heat treatment expo-furnace expo |
--------------------------------------------------------------------------------------------------------------- |
|
Reuters reported that Tokyo Steel Manufacturing Co Ltd , Japan''s top electric-arc
furnace steelmaker, will hold its product prices unchanged in May for the third
month in a row, reflecting weaker steel prices abroad due to price cuts in China.
Tokyo Steel, which makes beams and bars used in the construction industry, kept
its product prices unchanged in March and April after raising them for three
consecutive months.
Tokyo Steel will keep prices for its main product, H-shaped beams used in
construction, at 78,000 yen ($719.90) a tonne and prices for steel bars, including
rebar, at 56,000 yen ($516.80) a tonne.
Tokyo Steel''s managing director Kiyoshi Imamura told that "We are sticking to the current prices as the overseas steel market is weakening after Chinese steelmills cut prices.¡±
Mr Imamura said that "But we expect a correction in Chinese steel market will be
short-lived. And Japanese construction demand will get a boost this summer by
the 2020 Tokyo Olympics projects, adding that his company hopes to raise
product prices again to cover rising costs such as electricity and distribution fees.¡±
Tokyo Steel''s pricing strategy is closely watched by Asian rivals such as South
Korea''s Posco and Hyundai Steel Co, as well as China''s Baosteel.
¡ªThe
18th China(Guangzhou)Int¡¯l Heat Treatment, Industrial Furnace Exhibition
|
|
|
|
|
