Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Metals

Japan's Tokyo Steel maintains Sep domestic list prices steady on month

Commodities | Energy | Naphtha | Shipping | Tankers

US Gulf Coast naphtha sets sail to satisfy Asia's appetite

Platts eWindow Market Data

Agriculture | Grains

Asia Grains & Oilseeds Virtual Forum 2020

Electricity | Coal | Emissions | Electric Power | Oil | Refined Products | Gasoline | Metals | Non-Ferrous

Rhodium supply deficit to widen: refiner Heraeus

Japan's Tokyo Steel maintains Sep domestic list prices steady on month

Tokyo — Tokyo Steel Manufacturing, Japan's leading electric arc furnace mill, announced Monday that it would maintain its domestic list prices for September flat from August. The list prices have been steady since March.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The company's list price for SS400 senior-sized H-beams will remain steady at Yen 89,000/mt ($805/mt) and SPHC 1.7-22 mm hot rolled coil at Yen 74,000/mt.

Demand for both long and flat products were firm, while stocks of flat products had increased though it was expected to be adjusted soon, Tokyo Steel's Managing Director Kiyoshi Imamura said.

"Overall market condition hasn't changed from a month ago, so we couldn't lift prices," he said.

Production costs were increasing further and this was making the financial condition of mini mills worse and this was expected to continue for a while, he added.

The company plans to produce 220,000 mt of finished products in August, unchanged from July. It plans to produce 90,000 mt of H-beam in August, down 10,000 mt from July, and 100,000 mt of HRC, up 10,000 mt over the same period.

Plate production is expected to remain unchanged at 10,000 mt.

It was currently receiving bids from overseas customers at $670-690/mt FOB for H-beam and $630-650/mt FOB for HRC, Imamura said, adding that they were hovering at the same levels as last month and inquiries had dropped amid concerns over trading measures and weakening currency of emerging nations.

The company is eyeing about 40,000 mt of HRC for export in August, up 10,000 mt from July.

--Yoko Manabe, yoko.manabe@spglobal.com

--Edited by E Shailaja Nair, shailaja.nair@spglobal.com