Tokyo Steel holds all product prices for August sales

Japan's largest independent mini-mill, Tokyo Steel Manufacturing, is rolling over the list prices of all its products for sales in August, the company announced on Monday, saying it was keeping its prices unchanged in order to quickly bottom out the market. The company has now held its prices for three straight months, Mysteel Global notes.

As a result, Tokyo Steel's price for 1.7-22mm SPHC-grade hot rolled coils is still at Yen 89,000/tonne ($605/t), that for 9-40 mm thick plates stays at Yen 100,000/t, its SGCC 0.9-1.6mm hot-dipped galvanized coils remain at Yen 121,000/t, and base-size D13-D25 rebars are still listed at Yen 85,000/t. "In the