Tokyo Steel lifts May prices by $24/t on rising costs

Tokyo Steel Manufacturing, Japan's leading electric-arc-furnace steel producer, has decided to add Yen 3,000/tonne ($24/t) to its all product list prices for May domestic sales, mainly to shift the rise in production costs, the company announced on April 18.

With the latest increment, Tokyo Steel's price for SPHC 1.7-22mm hot-rolled coil (HRC) is at Yen 123,000/t, while its SS400 grade 200x100mm H-beams at Yen 121,000/t. Tokyo Steel last added Yen 10,000/t to its flat products and by Yen 7,000/t for long products for April sales, also to transfer rising