Tokyo Steel prices steady for 3rd month

TOKYO: Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, said yesterday it would keep its steel product prices steady next month because of softer overseas market and slow winter demand for local construction. This is the third straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. For next month, prices for steel bars, including rebar, will remain at 69,000 yen (RM2,558 million) a tonne while H-shaped beams will stay at 89,000 yen a tonne.