POSCO in South Korea rethinks a strategy of stainless business for global market. The firm postpones a part of cold rolled steel production increase plan for abroad including enhancement of production in Thainox Steel, because world stainless market is getting worse and the firm shifts its emphasis to enhancement of competitive force and improvement of profitability. The firm thinks to expand production if the market started to improve.
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)