Tokyo Steel Manufacturing announced on Tuesday the firm didn’t change selling price of all steel products for dealers for 2 months in a row through August order when the supply and demand balance maintains loose due to domestic economic slump. Executive managing director of Tokyo Steel Mr. Naoto Ohori said the firm reduces steel production to meet actual demand under higher raw material price and lower steel products price.
Mr. Ohori said the firm doesn’t export to keep operation level when profit for export is decreasing under high ferrous scrap price and hot rolled coil price remains low at FOB US$ 640-650 per tonne. The firm didn’t change selling price at 78,000 yen per tonne for H-beam, 62,000 yen for rebar and 75,000 yen for plate to general contractors. The firm is decreasing steel output to meet slow demand and high electric power cost in summer. The firm plans 200,000 tonnes of steel output in July, 210,000 tonnes in August and 250,000 tonnes in September.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
