FLASH: Tokyo Steel raises all flat product prices for October domestic sales

Tokyo Steel Manufacturing, Japan's largest mini-mill, has decided to raise the list prices for all its flat steel items, including hot-rolled coils and heavy plates, by Yen 2,000-3,000/tonne ($13-19.5/t) for domestic sales in October, the company announced Monday morning.

"In the market, continuous price increases by companies starting early spring are gradually spreading, and costs are being passed on to end users in the supply chain," the company said in a statement. "Manufacturers' costs are trending further upward, and we are raising prices to restore profitability," it explained. As