On February 19, SteelOrbis reported that Tokyo Steel Manufacturing Co Ltd announced stable pricing for March deliveries. Prices for rebar were reportedly at JPY 69,000/mt ($624/mt) ex-mill, while H-shaped beams were reportedly at JPY 89,000/mt ($805/mt) ex-mill.
Tokyo Steel recently announced that it is maintaining finished steel prices for April. Prices for rebar are reportedly still at JPY 69,000/mt ($620/mt) ex-mill, while H-shaped beams are reportedly stable at JPY 89,000/mt ($799/mt) ex-mill. Due to currency fluctuations, rebar decreased $4/mt and H-shaped beams $6/mt. The last price increase was implemented in February 2018.
USD = JPY 110.51 (Feb 19)
USD = JPY 111.34 (Mar 18)