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Tokyo Steel to keep April prices unchanged

Steel News - Published on Tue, 20 Mar 2018

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Reuters reported that Japan’s top EAF steelmaker Tokyo Steel Manufacturing Co Ltd announced that it would hold product prices steady in April as it needs to ensure markets have absorbed its hikes from earlier this year. Tokyo Steel’s Managing Director, Kiyoshi Imamura, told reporters “Overseas steel markets remain tight given the healthy economy worldwide and domestic steel demand remains solid. But we are keeping our prices unchanged next month to make sure our hikes through February have been absorbed by every layer of the market.”

The company said last month that it would freeze product prices in March after three months of hikes on tight markets as well as rising transportation costs.

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Posted By : Rabi Wangkhem on Tue, 20 Mar 2018
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