H-Beam Price keeps Flat around Tokyo

H-beam market price keeps flat in Tokyo at around 75,000 yen per tonne for product with 200 by 100 millimeters width at dealers’ sites without freight. Distributors may raise the reselling prices when Tokyo Steel Manufacturing kept its selling price unchanged for September contracts and Nippon Steel Trading raised its selling price by 2,000 yen per tonne including freight after summer holidays in mid August. However, the market price would maintain the present level for a while when the distributors are likely to watch the market condition cautiously this week.Market dealers expected Tokyo Steel would reduce the selling price for September contracts from the previous month. Actually the firm kept the price unchanged when the overseas steel market turned to the decline and the domestic market still remains the slow mood after summer holidays.Building material demand is strong, especially for column used as pillars. H-beam orders could follow the positive trend and increase gradually. The dealers are watching whether the positive mood could impact H-beam market condition.