Nippon Steel & Sumitomo Metal was born on October 1st. The new company, which would be the world’s second-largest iron and steel firm behind ArcelorMittal, aims to reach world number one in comprehensive strength, pursuing combine of management resources and union of specialty that Nippon Steel and Sumitomo Metal Industries have cultivated. The new company is steadily expanding their business globally and aims to be a iron and steel company which has overwhelming presence in global market, Shoji Muneoka chairman of the board and chief executive officer said.
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)