Nippon Steel & Sumitomo Metal announced on October 4th, Southern Tube in the United States which is a totally-held subsidiary of Nippon Steel & Sumitomo Metal, will purchase plant equipment for heat treating and joint processing of oil well casings, that Wsp Houston Octg owns, in 2012 investing around 3.4 billion yen. Nippon Steel & Sumitomo Metal aims to accelerate global strategy. After acquisition, the fiｒm go ahead with capital investment further, and start commercial production in full swing in fiscal 2015. It is a acquisition for the first time as Nippon Steel & Sumitomo Metal.
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)