Tokyo Steel to hold prices steady in March - The Hindu BusinessLine

Tokyo Steel to hold prices steady in March
Reuters
TOKYO |
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Tokyo Steel Manufacturing Co Ltd will leave product prices unchanged in March to ensure a hike implemented in January would be absorbed by the market, Japan's top electric-arc furnace steelmaker said on Monday.
For March, prices of its main H-shaped beams will stay steady at 93,000 yen ($880) a tonne, while hot rolled coils will remain unchanged at 79,000 yen ($748) a tonne.
Steel markets abroad have rebounded after China's Lunar New Year holiday with solid demand in many countries, but orders of construction materials in the Japanese market slowed following a plunge in steel scrap prices, Tokyo Steel said in a statement.

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