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Green Steel
- Japan -

Tokyo Steel Holds Prices, Pushes Green Steel Option

Tokyo Steel, Japan's top electric arc furnace steelmaker, is keeping prices steady for a sixth month in a row. Prices for rebar, hot rolled coils, and plate remain at JPY 98,000/tonne, JPY 109,000/tonne, and JPY 118,000/tonne respectively for August.

The company is also promoting its new "Near Zero" green steel brand, launched in July, with a JPY 6,000/tonne premium across all categories.

Despite sluggish global steel demand, Tokyo Steel cites expectations of a rebounding Japanese domestic market, driven by public infrastructure projects, and relatively stable raw material prices as reasons for maintaining prices.

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