Osaka Steel keeps domestic section prices unchanged for Aug

Osaka Steel, Japan's largest section producer, has decided to roll over its August list prices for domestic sales, to give the market another month to digest the previous hikes by producers, and also to monitor the expected demand movement from autumn, a company official shared.

Osaka Steel's latest decision means that it has kept list prices flat for the third month, after it lifted a total of Yen 1,5000/tonne ($110/t) for March-May sales to shift higher production costs, as reported. "Scrap prices have been softening, but other costs such as power and imported material prices