UTC+8 ( BJT)

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

ABSTRACT

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

............

To read the full article take a free 7-day trial to Mysteel Global

FREE TRIAL
+65 6653 8227