Japanese NSSMC leaves H beam prices flat

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Publish time: 18th June, 2013      Source: ChinaCCM
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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%.