Tokyo Steel Increases H-beam, Rebar Contract Price by 2,000 yen/t

Tokyo Steel Manufacturing increased H-beam and concrete reinforcing steel bar selling price by 2,000 yen per tonne for contract users in morning of Monday. Tokyo Steel decided to increase the steel selling price when ferrous scrap price is increasing and construction is recovering.

Tokyo Steel increased selling price for contract users by 2,000 yen to 78,000 yen per tonne for H beam and to 62,000 yen for rebar. However, the firm set unchanged the price at 73,000 yen for plate steel.