Nippon Steel keeps domestic H-beam prices unchanged for another month

Nippon Steel has decided to maintain the prices of its H-beams for domestic retail sales for another month in September, the company announced late last week, despite the fact that H-beam stocks held by its nationwide distributor grouping had fallen for a fifth straight month by end-August.

"There is no sense of excess stocks, but shipments (to dealers) have dropped sharply, and the inventory ratio is approaching the 4-month range, making the situation unpredictable," local media quote a Nippon Steel sales department source as saying. The integrated mill will continue limiting the volume of orders accepts