Japanese iron and steel company Tokyo Steel decided in April this year to raise prices for most of its long products used in construction, but kept prices stable for flat products.
Prices for hot-worked bars and I-beams will be increased by 3,000 yen (approximately US$22.65) per tonne, the same increase was recorded in March. This will raise their base prices to 103,000 yen per ton and 127,000 yen per ton, respectively.
After a steady rise in March, prices for I-beams, channel bars and U-shaped steel products will also rise by 3,000 yen next month. yen per tonne.
However, for some types of flat products, prices have remained stable for the eighth month in a row. The base price for hot rolled plate and pickled steel plate is now 122,000 yen and 134,000 yen per ton, respectively.
Offers for heavy plate will also remain unchanged after a 3,000 yen per ton increase last May. Its prices range from 128,000 to 132,000 yen per ton.