Nippon Steel and Toyota Motor Corp agreed to decrease steel sheet price for automobile in April-September by 2,000 yen per tonne from January-March. It is decrease for the second straight half-period. Improvement of the profit in blast furnaces steel manufactures become still deifficult, conditional price negotiation with major companies by blast furnaces steel manufactures is likely to drop even in electric machinery, OA, heavy electric machinery field across the board.
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)