It's reported that the Japanese Nippon Steel & Sumitomo Metal Corp (NSSMC) will leave its H beam prices unchanged for miseun or spot sales for June contract. NSSMC said that it decided to remain its H beam prices unchanged for June due to high level of stocks. It's learned that the H beam inventories owned by stockiest affiliated to NSSMC increased by 2.5% to 197,200 tons at the end of May. Meanwhile, NSSMC planned to reduce the amount of orders for miseuri or spot sales by 50%.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64916&division=A4
