Tokyo Steel, Japan’s leading EAF-based steel producer, has announced price adjustments for April sales. HRC prices have been reduced by JPY 3,000 (USD 20) per ton to JPY 89,000 (USD 598) per ton, while pickled and oiled coils dropped JPY 5,000 (USD 34) per ton to JPY 95,000 (USD 638) per ton. Coated coils also declined by JPY 3,000 (USD 20) per ton to JPY 121,000 (USD 813) per ton. Among long products, rebar fell JPY 3,000 (USD 20) per ton to JPY 85,000 (USD 571) per ton, while H-beam prices remain steady at JPY 115,000 (USD 773) per ton.
The company attributed its pricing decision to ongoing global economic uncertainty and potential recession risks in the U.S. stemming from trade tensions. While U.S. steel indicators remain strong, the international market’s recovery depends on China’s stimulus measures and steel production cuts. Tokyo Steel is closely monitoring global and Chinese economic policies.
Domestically, sluggish construction activity has weighed on steel demand, though an increase in inquiries for future deliveries and a revival of capital investment projects suggest a potential rebound. Sectors such as logistics warehouses, data centers, and manufacturing facilities are expected to drive demand, while reinforced concrete construction remains weak due to rising material costs.
Steel plate markets continue to face challenges, both locally and abroad. U.S. tariffs have created uncertainty across industries, and weak domestic demand has delayed market recovery. High costs and labor shortages further limit manufacturing output, with industries waiting for improved conditions. Additionally, the appreciation of the Japanese currency is lowering import prices, raising concerns about increased competition in the domestic market.
1 USD / 148.8 JPY