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According to reports, major Japanese steelmakers are raising sales prices for rolled steel products for July delivery to cope with rising production costs, including energy and raw materials. A653 BHS HDG steel, Notably, Tokyo Steel—one of Japan's largest electric-arc furnace steelmakers—announced price hikes for hot-rolled coils (HRC), rebar, and H-beams; meanwhile, Nippon Steel and Godo Steel are also implementing price increases for long steel products.
Specifically, Tokyo Steel is raising the price of hot-rolled coils for July sales by 2,000 yen per tonne (approximately US$12/tonne) and increasing prices for rebar and H-beams by 3,000 yen per tonne (approximately US$19/tonne).
Following the price adjustments:
The price of hot-rolled coils (1.7–22mm) rose to approximately $624 per tonne; rebar (D13–D25) to about $581 per tonne; and I-beams (100–300mm) to around $724 per tonne.
Tokyo Steel stated that the price adjustments were primarily driven by rising energy prices and raw material costs, A653 BHS HDG steel, while a slow yet uneven recovery in downstream demand supported further price hikes.
Meanwhile, Japanese producers of long steel products are also continuing to push for price increases.
Godō Steel has announced a price increase of 10,000 yen per tonne (approximately US$62 per tonne) for wire rods and coiled rods contracted in July for August delivery. Notably, the company had previously implemented a price hike of the same magnitude for shipments delivered in May.
Godō Steel stated that production costs have risen to a level that can no longer be absorbed solely through internal cost-reduction and efficiency measures; consequently, raising product prices is essential to maintaining operational stability.
Nippon Steel has also initiated a new round of price adjustments. A653 BHS HDG steel, Following a price hike of over 10,000 yen per tonne for rebar and wire rods in April, the company plans to raise domestic contract and spot prices by another 5,000 yen per tonne starting in July. Meanwhile, Nippon Steel is assessing export market conditions and does not rule out raising export quotes in tandem, depending on regional market performance.
In contrast, major Chinese steelmakers have maintained relatively stable pricing policies. Baosteel has announced that prices for the majority of flat steel products sold domestically in July will remain unchanged, including hot-rolled coils (HRC), a product that draws significant market attention.
Industry insiders believe that the continued price hikes by Japanese steelmakers reflect persistent cost pressures, whereas Chinese steelmakers have largely adopted a strategy of price stability; consequently, the steel markets in the two countries exhibit distinct operational logics and supply-demand characteristics.
