Japanese major nonferrous metal companies held annual shareholder meetings last week. Personal investors have paid more attentions to nonferrous metal companies these years when the companies gained better profits thanks to the active demand from emerging countries and the mineral and resource development booms. Shareholder attendance increased at many companies, for example, 70% year-on-year up at Sumitomo Electric Industries and 35% up at Mitsubishi Materials. Shareholders’ questions were mainly on mid-term management strategies when material prices maintain high, global economy is being stagnant.
Japan Steel Scrap Composite Prices (Sangyo Press)08/20/2018
|35200YEN (400)||40500YEN (800)|
|315.53US$ (4.51)||363.03US$ (8.22)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)