JMB reported that Tokyo Steel Manufacturing leaves the selling price unchanged for all steel items for distributors for June 2010 order, which was the first price freeze for all items in 8 months.
As per report, the firm sees steel market players see the next move at home and abroad when ferrous scrap price decreases and Chinese steel market price entered into adjustment phase.
The firm eyes additional price hike depending on raw materials cost for July to September 2010 period.