ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Steel prices turn red hot for Japan builders on Russia shock

Materials cost surge puts factory construction plans on hold

Kyoei Steel and others in the industry are paying more for scrap steel to feed their furnaces. (Photo by Atsushi Oka)

TOKYO -- Prices for architectural steel in Japan have risen to the highest levels in more than a decade as Russia's invasion of Ukraine disrupts supply chains for a wide range of building materials, including wood and cement.

Tokyo Steel Manufacturing on Tuesday raised the price of H-beams used in building construction to the most in more than 13 years, 121,000 yen ($1,000) per ton. Kyoei Steel announced a 7% price hike for steel rebar.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more