Tokyo Steel announced on 22nd to keep the steel material selling price for November contracts (for distributors) excepting square steel pipe. The firm decided to remain the selling price placing emphasis on profit though they don’t estimate to sell a lot of steel materials because increase factor weaves with decrease factors like demand of mainly steel sheets is expected to decrease, on the other hand, oversea’s makers try to improve break-even price. Maintaining of selling price is for the 2nd straight month in both steel sheets and bar steels except square steel pipe.
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)