Crude steel production of 5 blast furnaces steel manufactures including Nippon Steel, JFE Steel is estimated to increase by 4.9% from the previous term to around 21.65 million tonnes in July-September. The result of April-September is expected to increase by 5.8% to around 42.2 million tonnes because because rich steel stock demand for automobile supports the prodcution although one of rise-factors is reaction of equipment trouble in the previous term. Rising output will cause improvement of their profits because worse of margin starts to be slow down as fluctuating range of material prices decreased though the market is estimated to keep saturated in Asia for a while caused by rise production of China and Korea.
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)