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 drop its steel plate prices by ?5,000 per tonne from the previous month.In a drastic measure to help support Japan's financial markets, the Bank of Japan...