Coronavirus creating 'standstill' in Japan construction steels sector - Tokyo Steel

A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.

The major electric-arc furnace (EAF) producer announced on Monday March 16 it will slash its April prices for H and I-beam by ¥7,000-11,000 ($65-102) per tonne month on month and...


Lee Allen

March 16, 2020

12:50 GMT