Tokyo Steel said it will reduce its steel prices by 6.5% for September due to weak demand from mills.
In September, hot rolled steel prices will be $838, while steel prices including rebar will drop 4.9 percent to $706. He announced that H-beam prices will not change.
While the irregularity in the steel markets continues, mostly due to low demand in Europe, COVID-19 restrictions and supply chain disruptions are also causing low demand.
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