October 08, 2008

Japanese H beam price hits 25 Year High in Tokyo

It is reported that Japan’s H beam market price increased by JPY 1,000 to JPY 80,000 per tonne for base size with 200mm by 100mm width last week hitting 25 year high.

Japanese distributors try to pass markers' hike though the increase pace could slow down due to slower demand. However, the strong pressure by makers and distributors could keep the increase tone for the market.