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17 Jun
11:56

Tokyo Steel holds prices in July

Tokyo Steel, Japan's leading electric arc furnace-based steelmaker, has decided to maintain all product prices in July for the fifth month in a row, Kallanish notes. The base price of rebar and hot rolled coils remains at JPY 98,000/tonne ($621/t) and JPY 109,000/t respectively. Subdued expectations for improvement in futures markets accounts for the unchanged price. The steelmaker has again noted sluggish demand all round the world, the slow recovery in the …
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