Nippon Steel holds domestic H-beam prices

Nippon Steel is rolling over domestic prices of its H-beams for dealer sales for July contracts (August roll), the company announced late Wednesday, saying that although fundamentals are stable, there are no indications that the market is bottoming out.

"At present, we recognize that supply and demand are balanced, but we will continue to monitor the situation closely," Nippon Steel said in its price policy announcement. "From the standpoint of steel manufacturers, we will continue to make efforts to optimize supply and demand, while demanding that the entire