Tokyo Steel keeps product prices steady in Dec for 5th month

HYUNDAI STEEL

20/11/2023 09:35

TOKYO, Nov 20 (Reuters) - Tokyo Steel Manufacturing Co
Ltd  5423.T , Japan's top electric-arc furnace steelmaker, said
on Monday it will hold steel product prices steady in December
to reflect lacklustre demand in the construction and
manufacturing sectors at home.
    This is the fifth month the company will keep prices
unchanged for all of its steel products, including its main
H-shaped beams.
    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 .
    For December, prices for steel bars, including rebar, will
remain at 98,000 yen ($655) per metric ton while H-shaped beams
will stay at 127,000 yen per ton.
($1 = 149.6200 yen)

 (Reporting by Yuka Obayashi; Editing by Jacqueline Wong)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))