Nippon Steel keeps H-beam prices unchanged for Aug sales

Nippon Steel, Japan's largest integrated mill and a leading H-beam producer, has decided to roll over its H-beam prices for the fourth month for August domestic spot sales, to give the market another month to digest the previous hikes. But the company also emphasized the needs of additional price hikes to secure adequate profit margins.

Nippon Steel Structural Shapes, Nippon Steel's subsidiary in Wakayama in western Japan, has also decided to keep its h-beam prices unchanged for August, but it claimed the rise in costs such as power charges, distribution fees, rebounding scrap prices and others. Nippon Steel and its subsidiary last added Yen 5,000/tonne