Major blast furnaces steel manufactures agreed to decrease the price of coking coal by 24% from July-September with mines in Australia including BHP Billiton Mitsubishi Alliance which is the largest coking coal company, in negotiating the price of coking coal for October-December shipments. It is the price down for the first time in second quarter on the back ground of relaxation of supply and demand and rapid down of market price. Iron ore price will decrease by 14%, it’s also the price down for the first time in second quarter. Currently, spot price of iron ore reacts due to recovery of buying inclination. Major blast furnaces steel manufactures consider the situation carefully because main raw material price couldn’t be estimated to decrease further, and may increase again on and after January-March.
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)