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Japan: Tokyo Steel raises steel prices by up to 18% for June deliveries

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17 May 2021, 16:45 IST
Steel Mint Intel

Tokyo Steel Manufacturing, Japan's leading EAF, has announced a hike in its monthly carbon steel offers today for Jun '21 delivery in order to bridge the gap between domestic and international prices. Also, pick-up in local demand and higher input cost will keep higher prices supported.

Current offers are listed below:

  • Hot rolled coil prices up by JPY 16,000/t ($147)
  • Hot-dipped galvanized surged by JPY 18,000/t ($165) over pick-up in local demand.

17 May 2021, 16:45 IST
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