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Tokyo Steel’s Apr-June carbon steel sales up 12%


Tokyo Steel Manufacturing, Japan’s major electric-arc-furnace steel producer, posted a 12.2% increase in its carbon finished steel sales over the first quarter of Japan’s new fiscal year to 633,000 tonnes, thanks mainly to robust export orders. The mini-mill expects a further increase during the current quarter, Mysteel Global learned.
Among the total, exports accounted for 165,000 tonnes, up 8.6% on year, with the average unit price being Yen 83,400/t ($756/t), up by a sizzling Yen 32,500/t from April-June last year, while the average unit price for overall sales was Yen 81,500/t, Yen 17,700/t higher on year. “Export prices have risen faster because overseas market


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