Nippon Steel holds H-beam prices for October

Nippon Steel is keeping its domestic H-beam prices for current month contracts (October production) unchanged, the Japanese integrated steel giant announced on September 21, joining other makers including mini-mill Tokyo Steel Manufacturing and sections maker Yamato Steel in rolling over domestic prices.

"A further price improvement is necessary, but we will assess the penetration of price increases so far," Nippon Steel said in a statement, adding that it "will continue to take a cautious stance on order quantities as is necessary." The company has now held its H-beam prices for six