Tokyo Steel keeps all product prices for July sales unchanged

Saying that it hopes the domestic steel market will show signs of bottoming out soon, Japan's largest independent mini-mill, Tokyo Steel Manufacturing, has decided to roll over all list prices in its product catalogue for July sales, the company announced on Monday.

"The (domestic) steel market is in a bearish mood due to the cancellation or postponement of large-scale investment plans by some manufacturers in response to rapid changes in the international economy and the steel-related market," it said in its price policy statement. "On the other hand, steel stockpiles, which had