Osaka Steel of Japan keeps Nov segment costs unaltered

Osaka Steel, Japan's biggest maker of areas, said on Friday that it has chosen to leave its costs for November contracts unaltered.

The organization last raised costs by Yen 3,000/mt ($27/mt) for October contracts.

Osaka Steel does not uncover its rundown costs, but rather spot showcase costs of channels (100x50 mm) in Osaka and Tokyo are Yen 87,000-88,000/mt ($775-$784/mt), unaltered from multi month back, while costs of points (6x50mm) are at around Yen 86,000-87,000/mt, up Yen 1,000/mt from multi month prior, wholesalers said. An Osaka-based wholesaler said that spot showcase costs are gradually expanding, yet past climbs by the maker has not been assimilated completely.

"We trust Osaka Steel is checking the market. At whatever point the organization affirms the expansion, an extra climb will be made in light of the fact that information costs for electric heaters are expanding," he said. Another Osaka-based wholesaler said that economic situations for areas was not awful with stocks floating at satisfactory levels, request anticipated that would remain firm, and makers providing adequate volumes to take care of genuine demand.

"Merchants are essentially taking a more grounded position on their business costs, attempting to pass on higher costs from providers and not tolerating lower valued requests," he said. Japan's segment yield, which bar H-bars, was 153,300 mt in September, down multi year on year, however up 2.8% from August, the most recent information by the Japan Iron and Steel Federation appeared.

• [Editor:janita]