Tokyo Steel to raise all product prices by up to 3.6pct in April

20/03/2012 07:56 AST  Steelguru

Reuters reported that Japan's biggest construction steelmaker Tokyo Steel Manufacturing Co will raise prices in April 2012 by 2.5% to 3.6% for all its products except thick plates, to reflect higher export prices in Asia and a weaker yen.

Mr Kiyoshi Imamura sales director of Tokyo Steel said that Japanese manufacturers' exports are improving fast after the yen weakened last week to a 1 month low against the dollar. He added that "This will become the first of a series of rate hikes if export conditions improve further in the next month."

Mr Imamura said that "Chinese, Korean and Japanese steel makers' recent price hikes on exports have helped further improve the market."

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

Most Viewed Companies
Ticker Price Volume
GFH 0.21 6,000
SECO 14.45 1,848,957
RIBL 35.1 91,090
ADIB 6.82 756,294
ACIG 27.3 362,523
WALAA 28.4 662,854
WEQAYA 25.8 275,586
Recent News

ADNIC's AGM approves 50 per cent cash dividend for 2013
Abu Dhabi National Insurance Company (ADNIC) has announced results of its 41st Annual General Assembly Meeting (AGM), held at the Millennium Hotel in Abu Dhabi.

The Annual General Assembly

Invest Bank reports Q1 net profit up 6.5 per cent to AED 94.86 million
Sharjah-based Invest Bank saw Q1 net profit rise from AED 89.082 million a year ago to AED 94.862 million. The bank also booked a gain of AED 51.796 million on the revaluation of financial assets.

Aldar launches new $1.4bn Abu Dhabi projects
Real estate developer Aldar Properties has launched three new developments in Abu Dhabi worth 5 billion dirhams ($1.4 billion), the company said on Monday.

"Off-plan sales for the three de

Alhokair Q4 net profit climbs 40pc
Fawaz Abdulaziz Alhokair Co , the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, reported on Monday a 40 percent year-on-year leap in net profit for

Growth Markets Forecast report highlights robust growth across GCC
According to EY’s latest Rapid-Growth Markets (RGM) Forecast report, growth remains robust across the GCC. Qatar’s economy is predicted to grow by 6.0 per cent, Saudi Arabia by 4.3 per cent and the U

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Are you satisfied with your full-service broker?