Nippon Steel & Sumitomo Metal announced on 11th to increase H-beam selling price for distributors for September shipments, October rolls, by 3,000 yen per ton from the previous month. It rose by 11,000 yen with total in this fiscal year as the firm said at first. The firm says that they will continue to improve the price watching the market situation. They suggest the possibility of the price hike in the second half.
Japan Steel Scrap Composite Prices (Sangyo Press)12/08/2017
|34600YEN (-)||37300YEN (-)|
|302.74US$ (-2.08)||326.36US$ (-2.29)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)