Nippon Steel keeps H-beam prices flat for Oct spot 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 sixth month for October domestic spot sales, though the company said it would consider lifting prices to transfer the rise in production costs from next month.

Nippon Steel Structural Shapes, Nippon Steel's subsidiary in Wakayama in western Japan, has also rolled over its H-beam prices for October, to give the market another month to digest the previous hikes by producers. Both companies had added a total of Yen 15,000/tonne ($100/t) for February-April sales, but then kept