Tokyo Steel rolls over all list prices for November sales

Tokyo Steel Manufacturing, Japan's leading electric-arc-furnace steel producer, has decided to keep domestic list prices for all its flat-rolled and long-steel items unchanged for November sales, according to an October 17 post on its website. However, the company is warning that it needs to lift prices soon to transfer increases in production costs.

The latest decision means the mini-mill has kept its list prices unchanged for two months after slashing these by Yen 5,000-8,000/t ($34-54/t) for September sales to match actual market prices, as reported. Managing Director Yuji Komatsuzaki said that construction steel demand is increasing and supplies from producers are expected to