Nippon Steel rolls over H-beam prices for July domestic sales

Nippon Steel, Japan's largest integrated mill and a leading H-beam producer, has decided to roll over its H-beam prices for July domestic spot sales, to give another month for the market to digest the previous hikes, but it aims to start lifting prices again to transfer higher costs, the company announced on July 21.

Nippon Steel Structural Shapes, Nippon Steel's subsidiary in Wakayama in western Japan, has also kept its H-beam prices for this month unchanged. And it plans to slash about 30% of acceptance of orders compared to those in July, because output will decline due to its planned shutdown in summer,