Tokyo steel didn’t accept export contract in level of under FOB 650 dollers for Hot coil and under FOB 750 dollers for H-beam looking at ferrous scrap price situation and high yen. The firm keeps the export-style placed emphasis on the profit. In total of Tokyo steel, the firm planned to produce 260,000-270,000 tonnes in July, but it is more likely to underrun the plan.
Japan Steel Scrap Composite Prices (Sangyo Press)07/10/2020
|22100YEN (-)||24200YEN (-)|
|204.38US$ (0.34)||223.8US$ (0.37)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)