Hanwa announced on 10th to establish new company which deal with metal scrap in Indonesia. Hanwa invest with PT Indonesia Royal Resources, and the new firm is planned to establish in February 2013. The new firm plans to deal in all kinds of steel raw materials mainly nonferrous metal. New company name is “PT. Hanwa Royal Metals”. Though Hanwa Singapore, PT. Hanwa Indonesia and PT Indonesia Royal Resources had carried on pickup and selling of metal scrap hand in hand, the establishment of new company is expected to cause business expansion.
Japan Steel Scrap Composite Prices (Sangyo Press)
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