Japanese steel specialized 7 trading firms including makers’ subsidiaries will double the investment to around 200 billion yen in 3 years plans compared with 101.9 billion yen in past 3 years. They try to expand offshore processing functions to meet higher steel demand. Metal One, Marubeni-Itochu Steel, JFE Shoji Trade, Sumikin Bussan, Hanwa Co. Nippon Steel Trading and Shinsho Corporation expand the investment aggressively with better financial position after the restructuring. They increase the investment for offshore businesses including steel sheet processing centers in USA and China.
Japan Steel Scrap Composite Prices (Sangyo Press)
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