Japan steelmaker hiking H-beams despite higher stockpiles

Mar 14, 2013 | 11:07 AM |

Tags  Nippon Steel & Sumitomo Metal, NSSMC, H-beams, H-beam prices, H-beam inventories, steel, Osaka, Kashima Kimitsu

TOKYO — Nippon Steel & Sumitomo Metal Corp. (NSSMC) will increase its H-beam prices further despite a sharp rise in stockpiles.

H-beam inventories held by the Tokiwakai network of dealers handling NSSMC’s products totaled 186,900 tonnes at the end of February, equivalent to 2.19 months’ supply, up 5.6 percent from 177,000 tonnes (2.06 months’ supply) a month earlier.....

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