Tokyo Steel to raise prices of some products in April
TOKYO, March 20 (Reuters) -Tokyo Steel Manufacturing Co Ltd 5423.T will raise prices for some products by up to 3% in April to reflect tight supply, Japan's top electric-arc furnace steelmaker said on Monday.
The company boosted the price of its steel bars in March.
For April, prices for six of its products including its main H-shaped beams will be raised by 3,000 yen a tonne, or by 2.2% to 3%. The price of H beams will rise to 127,000 yen ($969) per tonne, up 2.4% from this month, and steel bars, including rebar, will increase to 103,000 yen, up 3%.
Other products will remain unchanged, with its hot rolled coils staying at 115,000 yen a tonne.
"Construction demand is strong, supported by redevelopment projects, semiconductors works and large-scale logistics facilities," the company said in a statement, forecasting steel market conditions would improve further.
Demand for thin sheets used in automobile parts has been recovering gradually while demand for heavy plates has been steady in the construction and industrial machinery sectors, it added.
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 = 131.0400 yen)
Reporting by Yuka Obayashi; editing by Jason Neely
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
