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Tokyo Steel keeps rebar and H Beam prices unchanged

Steel News - Published on Tue, 19 Mar 2019

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Reuters reported that Tokyo Steel Manufacturing Co Ltd announced that it would keep its steel product prices unchanged in April amid soft overseas prices and slower local demand due to a shortage of labour and some materials. This is the fourth straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. For April, prices of steel bars, including rebar, will remain at JPY 69,000 (USD 619) a tonne, while H-shaped beams will also stay at JPY 89,000 (USD 798) a tonne.

Tokyo Steel MD Mr Kiyoshi Imamura told reporters “Overseas steel markets, which plunged late last year, seem to be recovering after the Chinese Lunar New Year holiday. But domestic construction demand remains a bit sluggish due to higher inventories and delays in some projects because of shortage of labour and some materials.”

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Posted By : Rabi Wangkhem on Tue, 19 Mar 2019
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