Tokyo Steel to keep product prices unchanged in Feb for fifth month

HYUNDAI STEEL

16/01/2023 10:15

TOKYO, Jan 16 (Reuters) - Japan's top electric-arc
furnace steelmaker Tokyo Steel Manufacturing Co Ltd  5423.T  on
Monday said it will hold steel product prices steady in
February, given the stagnant market conditions in some regions
of Japan. 
    This is the fifth month the company has kept prices
unchanged for all of its steel products, including its main
H-shaped beams. 
    For February, prices for hot rolled coils will stay at
115,000 yen ($896) a tonne while prices for H-beams will remain
at 124,000 yen 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 = 128.4000 yen)
 (Reporting by Yuka Obayashi; Editing by Jan Harvey)
 ((Yuka.Obayashi@thomsonreuters.com; +813-4520-1265;))