Japan Iron and Steel Federation announced on 19th crude steel production of November in Japan decreased by 2.3% from the previous year to 8.498 million tons, it is a decrease for 3 straight months, and below 8.5 million tons for the first time in 11 months. Output per day decreased by 0.6% from the previous month to 283,000 tons. Blast furnaces steel makers and electric furnaces special steel manufactures has been adjusting output on the background of worsening Japan-China relations, dropping output of automobile caused by the end of cash for clunkers and decreasing production of construction, industrial machinery.
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)