Tokyo Steel raises only heavy plate prices in June, other product prices stable

Wednesday, 16 June 2021 16:44:31 (GMT+3)   |   Istanbul

Japanese steel producer Tokyo Steel has decided to leave prices for most of its products unchanged in June, following a sharp increase last month. Only heavy plate prices in the local market will be increased, the producer said.

Prices for heavy plates have been settled at JPY 107,000/mt ($973/mt) ex-works, up by JPY 5,000/mt ($45/mt) from last month. Other flat steel products prices have been rolled over: for instance, the price level for HRC with thickness above 1.7 mm has remained at JPY 110,000/mt ($1,000/mt) ex-works.

“Domestic and overseas steelmakers have been raising prices rapidly. The supply allocation of each manufacturer is extremely low and the supply-demand balance will continue to be tight,” Tokyo Steel stated, adding that the company will consider a price change next month, when the previous hike will be fully absorbed by the market. As SteelOrbis reported earlier, in May Tokyo Steel hiked HRC prices by JPY 16,000/mt or $145/mt.

Rebar prices from Tokyo Steel are still at JPY 83,000/mt ($755/mt) ex-works, while prices for H-beam have remained at JPY 103,000/mt ($937/mt) ex-works. The long steel market in Japan is expected to be firm in June as “construction works related to the manufacturing industry and commercial facilities have started to increase, and steelmakers will reduce production in the summer,” Tokyo Steel said.

$1 = JPY 109.96

Similar articles

NBS: Local Chinese rebar prices up 4.7 percent in early August

15 Aug | Steel News

NBS: Local Chinese rebar prices up 0.8 percent in late July

04 Aug | Steel News

NBS: Local Chinese rebar prices down 6.6 percent in late June

04 Jul | Steel News

NBS: Local Chinese rebar prices down 4.6 percent in mid-June

24 Jun | Steel News

Tokyo Steel rolls over steel prices for July, though global market weak

20 Jun | Longs and Billet

NBS: Local Chinese rebar prices down three percent in late May

06 Jun | Steel News

Tokyo Steel keeps steel prices stable again, but market conditions improve

19 Nov | Longs and Billet

Average HRB 400 rebar price in China down 6.2 percent in late Dec

05 Jan | Steel News

Slowdown in Turkey’s steel exports continues in September

17 Sep | Steel News

Nucor earnings plummet amid “severe” pricing downtrend

20 Jul | Steel News