It’s reported that Nippon Steel & Sumitomo Metal Corp (NSSMC) announced to leave its domestic H-beam prices flat for May contract.
It’s known that NSSMC hiked its H-beam spot prices by ¥8,000/ton since January but decided to leave the prices unchanged in April.
A Spokesman of NSSMC stated that the company urgently needs to raise prices by over ¥5,000/ton in order to reflect higher input costs. However, as its previous rise hasn’t penetrated, the company will observe the market condition for another month.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64518&division=A4
