Japanese Tokyo Steel cuts prices of all steel products for December
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 29 Nov 2011 16:17:09 reported by Kate Hsieh