Image Source: danieliReuters reported
that Japan's top electric arc furnace steelmaker Tokyo Steel Manufacturing
announced that it would raise the prices of its deformed steel reinforcing bar
products for June delivery by around 6 percent
The company kept the prices of other steel products unchanged after its first
across-the-board hike in more than two years for May.
Tokyo Steel's pricing strategy is closely watched by Asian rivals such as
Posco, Hyundai Steel Co and Baosteel, which all export to Japan.
Source : REUTERS