Tokyo Steel hikes prices of flat products

Tokyo Steel hikes prices of flat products

According to recent news in the market, Japanese steel producer Tokyo Steel will increase hot rolled coil prices by Yen 4'000 ($36.5) effective for September orders. With this increase, price of hot rolled coils will reach Yen 70'000 ($639) per ton. Prices of long products except for wire rod have not been increased. The hike in the price of wire rod has been announced as Yen 2'000 ($18) per ton. Moreover, sales price of pickling coil has been increased by Yen 4'000 to Yen 76'000 ($693) per ton, hot dip galvanized steel to Yen 83'000 ($757) and checkered plate to Yen 73'000 ($666) per ton effective for September orders.