Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Tokyo Steel Manufacturing Co.,Ltd.
  6. News
  7. Summary
    5423   JP3579800008

TOKYO STEEL MANUFACTURING CO.,LTD.

(5423)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tokyo Steel Manufacturing : to raise prices for pickled and oiled sheets in September

08/17/2021 | 03:26am EDT

TOKYO (Reuters) - Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Tuesday it will raise prices of pickled and oiled sheets by 2.4% in September while keeping other product prices unchanged.

The company raised prices by up to 4.7% for some of its steel products including its main H-shaped beams in August to reflect a tight market situation.

Prices for pickled and oiled sheets -- hot rolled steel is pickled in acid to remove the mill scale and then oiled to keep it from rusting -- will increase by 3,000 yen ($27) a tonne to 12,6000 yen ($1,153) a tonne next month.

"Inventories of sheet products remain low, with shortages seen in some products," Tokyo Steel said in a statement.

"We anticipate increased production activity in the automobile, industrial machinery, shipbuilding and other manufacturing industries in October-March period, and we expect the market will stay tight," it said.

Tokyo Steel's pricing is closely watched by Asian rivals such as South Korea's Posco and Hyundai Steel , and China's Baoshan Iron & Steel Co Ltd (Baosteel).

($1 = 109.3000 yen)

(Reporting by Yuka Obayashi; Editing by Jacqueline Wong)


ę Reuters 2021
All news about TOKYO STEEL MANUFACTURING CO.,LTD.
10/25Nikkei slips on soft earnings, U.S. tech worries
RE
10/24Nikkei drops on soft earnings, U.S. tech worries
RE
10/19Tranche Update on Tokyo Steel Manufacturing Co.,Ltd.'s Equity Buyback Plan announced on..
CI
10/18Tokyo Steel Manufacturing Co.,Ltd.'s Equity Buyback announced on October 18, 2021, has ..
CI
10/01Tranche Update on Tokyo Steel Manufacturing Co.,Ltd.'s Equity Buyback Plan announced on..
CI
09/29TOKYO STEEL MANUFACTURING CO.,LTD. : Ex-dividend day for interim dividend
FA
09/14Tokyo Steel to keep product prices unchanged in October
RE
08/17TOKYO STEEL MANUFACTURING : to raise prices for pickled and oiled sheets in September
RE
07/26Nikkei tracks global peers higher, but virus woes undermine mood
RE
07/25UPDATE1 : Tokyo stocks rise sharply in morning on record-high Dow
AQ
More news
Financials
Sales 2022 258 B 2 272 M 2 272 M
Net income 2022 24 001 M 211 M 211 M
Net cash 2022 53 407 M 470 M 470 M
P/E ratio 2022 6,45x
Yield 2022 1,43%
Capitalization 158 B 1 386 M 1 393 M
EV / Sales 2022 0,41x
EV / Sales 2023 0,34x
Nbr of Employees 1 020
Free-Float 42,1%
Chart TOKYO STEEL MANUFACTURING CO.,LTD.
Duration : Period :
Tokyo Steel Manufacturing Co.,Ltd. Technical Analysis Chart | 5423 | JP3579800008 | MarketScreener
Technical analysis trends TOKYO STEEL MANUFACTURING CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 343,00 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Toshikazu Nishimoto President & Representative Director
Tatsuhiko Matsumura Independent Outside Director
Mika Nomoto Independent Outside Director
Kiyoshi Imamura Managing Director & General Manager-Sales
Toshio Adachi Director
Sector and Competitors