Tokyo Steel holds January product prices steady for sixth month

HYUNDAI STEEL

18/12/2023 02:49

TOKYO, Dec 18 (Reuters) - Tokyo Steel Manufacturing Co
Ltd  5423.T , Japan's top electric-arc furnace steelmaker, said
on Monday it will hold its January steel product prices steady
to reflect slow domestic demand in some manufacturing and
construction sectors.  
    The company will retain the prices for a sixth month for its
steel products, including its main H-shaped beams.  
    For January, prices for steel bars, including rebar, will
remain at 98,000 yen ($689) per metric ton while H-shaped beams
will stay at 127,000 yen per ton.
    Tokyo Steel's pricing is closely watched by Asian rivals
such as South Korea's Posco  005490.KS  and Hyundai Steel 
 004020.KS , and China's Baoshan Iron & Steel Co Ltd (Baosteel)
 600019.SS .
    
    ($1 = 142.1800 yen)

 (Reporting by Yuka Obayashi; Editing by Sherry Jacob-Phillips)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))