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Japanese Tokyo Steel cuts prices of all steel products for December
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It’s reported that Tokyo Steel announced that the company has reduced the list prices of the whole steel products by ￥5,000/ton for domestic sales in December 2011.
This adjustment has across the board for two consecutive months, leading to a markdown of ￥10,000/ton.
After the adjustment, the firm’s prices of H beams are at ￥71,000/ton; that if deformed bars is at ￥53,000/ton and that of heavy plates is at ￥66,000/ton.
Kiyoshi Imamura, director & GM of marketing at Tokyo Steel said the company decided to cut prices for December since Japanese domestic market has faced strong pressure from imported products.
News Date
11/29/2011 4:07:04 PM
reported by
Kate Hsieh
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