Will Japanese steel prices rise in June

Tokyo Steel said on May 17 that it decided to raise its steel price in June due to the sharp rise in international steel prices and the rebound in domestic demand for steel and a sharp increase in raw material prices. The price of H-shaped steel, its main product, will be increased by 10.8% to 103000 yen / ton; The price of U-shaped steel sheet pile will be increased by 9.5% to 115000 yen / ton.

Tokyo Steel is Japan's largest electric furnace steel plant, and its main product is construction steel. It has previously raised some steel prices in the past two months.