August 22, 2008

Tokyo Steel hikes steel prices by JPY 12,000 per tonne

Tokyo Steel Manufacturing announced that it has increased the selling price of all steel items by JPY 12,000 per tonne for distributors for May order.

The price level renews the record for 2 months in a row hitting JPY 100,000 for all items. The firm tries to pass higher cost for raw materials under firm steel demand at home and abroad.