Mitsubishi Corporation aims to increase iron ore interests by 300% from current level and targets anual more 20 million tonnes outputs over the next five years. The firm is researching to commercialize novel exploitation projects and expanding existing projects. In western Australia, the firm is researching to commercialize railroad infrastructure development project of Oakajee port and harbor and Jack Hills iron mine now. In Canada and Chile, the firm will carry out committed expanding plan steadily. The firm thinks to make iron ore a new source for earnings next to coking coal.
Japan Steel Scrap Composite Prices (Sangyo Press)07/02/2020
|23300YEN (-500)||25300YEN (-500)|
|214.77US$ (-3.34)||233.2US$ (-3.24)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)