News Room - Steel Industry

Posted on 14 Dec 2009

Tokyo Steel to cut prices for most products in Jan

Tokyo Steel Manufacturing Co, Japan's biggest maker of construction steel, said it would cut its January prices for most of its products as the outlook for construction activity remains poor.

 

That follows an across-the-board price cut in November.

 

It will cut the price of its mainstay H-shaped steel by 2,000 yen to 63,000 yen per tonne, the lowest since February 2004, Naoto Ohori, managing director of Tokyo Steel, told a news conference.