Tokyo Steel to keep product prices unchanged for 2nd month in Sept

Tokyo Steel Manufacturing

21/08/2023 07:35

TOKYO, Aug 21 (Reuters) - Tokyo Steel Manufacturing Co
 5423.T , Japan's top electric-arc furnace steelmaker, said on
Monday said it would keep steel product prices unchanged in
September to reflect sluggish demand at home and abroad. 
    This is the second month the company will hold prices
unchanged for all of its steel products, including its main
H-shaped beams. Tokyo Steel lowered prices for some products in
July.
    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 September, prices for steel bars, including rebar, will
remain at 98,000 yen ($674) per metric ton while H-shaped beams
will stay at 127,000 yen per ton.
($1 = 145.4100 yen)

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