Japan steelmaker hiking H-beams despite higher stockpiles
Mar 14, 2013 | 11:07 AM
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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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