Tokyo Steel Manufacturing announced that firm reduces the selling price for all steel items for distributors for November order, which is the first across the board price down since April order.
The firm decided the price down to adjust to weak market price through the price cut by JPY 2,000 per tonne for wire rod, by JPY 5,000 for H beam, hot rolled coil and plate and by JPY 7,000 for concrete reinforcing steel bar.
(Sourced from www.japanmetalbulletin.com)
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