Shinsho Corporation, a trading house of Kobe Steel Group, started to gain monthly profits from its aluminium coil center in Suzhou, China. The firm expects the coil center becomes to gain an annual profit in 2009 and the aluminium manufacturing business in China grows up.Shinsho Corp’s aluminium coil center was established in Suzhou Industrial Park, Jiangsu, China with approximately 600 million yen investment. The coil center started slitting and shearing of rolled aluminium products in 2007. The coil center processes aluminium products supplied by Kobe Steel and other re-rollers including Chinese at 500-700 tonnes per month with a high-speed leveler and a slitter.Chinese aluminium market is increasing year by year along with the economy growth. Demand for aluminium fabricated products is expected to expand especially from automobiles and electric appliances such as plasma display panels.
Japan Steel Scrap Composite Prices (Sangyo Press)
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