Tokyo steel Decreases Steel Output Placing Emphasis on the Profit

Tokyo steel didn’t accept export contract in level of under FOB 650 dollers for Hot coil and under FOB 750 dollers for H-beam looking at ferrous scrap price situation and high yen. The firm keeps the export-style placed emphasis on the profit. In total of Tokyo steel, the firm planned to produce 260,000-270,000 tonnes in July, but it is more likely to underrun the plan.