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Stock impact report

Tokyo Steel to hold prices steady in March for third month [Reuters]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Reuters
Tokyo Steel to hold prices steady in March for third month | Reuters 2 Min Read TOKYO (Reuters) - Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, said on Monday it would keep its steel product prices steady in March because of a 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 March, prices for steel bars, including rebar, will remain at 69,000 yen ($624) a ton while H-shaped beams will also stay at 89,000 yen ($805) a ton. “Overseas steel market, which had been weighed down by worries over political risks since late last year, seems to be gradually turning around after the Chinese Lunar New Year holiday, while construction demand at home is a bit slow due to seasonal reason,” Tokyo Steel Managing Director Kiyoshi Imamura told reporters at a briefing. But the company is closely watching rising costs Show less Read more
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