According to foreign trade statistics of July that Ministry of Finance announced imports of ordinery steel material increased by 8.9% from the previous month to 377,629 tonnes, it was an increase for the first time in 2 months. Following items, cold rolled steel sheet, hot rolled steel sheet, H beam, steel sheet pile, increased. Imported materials draw increasing attention in also building material because price of imported materials have advantage while upward trend of the yen market.
Japan Steel Scrap Composite Prices (Sangyo Press)07/06/2020
|22400YEN (-500)||24500YEN (-500)|
|206.17US$ (-4.81)||225.49US$ (-4.84)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)