Tokyo Steel keeps product prices unchanged in November for 2nd month

HYUNDAI STEEL

17/10/2022 12:04

TOKYO, Oct 17 (Reuters) - Tokyo Steel Manufacturing Co
Ltd  5423.T , Japan's top electric-arc furnace steelmaker, on
Monday said it will hold steel product prices steady in November
to reflect weak overseas demand and slow activity in the
domestic market.
    It is the second month the company has left prices unchanged
for all of its steel products, including its main H-shaped
beams. 
    For November, prices for hot rolled coils will stay at
115,000 yen ($772) a tonne while prices for H-beams will remain
at 124,000 yen ($833) a tonne. 
    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 = 148.8700 yen)
 (Reporting by Yuka Obayashi; Editing by Kirsten Donovan)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))