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23 Dec
11:43

Tokyo Steel announces January prices, maintenance timetable

Tokyo Steel says it will maintain steel prices in January to ensure the price increase made in November can be fully accepted by the market. This means prices for steel bars will stand at JPY 89,000/tonne ($779/t) and H-beams at JPY 111,000/t, Kallanish notes. Public projects and shipbuilding activity have supported domestic steel demand. However, some projects have been postponed due to a shortage of labour and materials. Weak automobile production has also push…
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