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)
04/17/2024H2 | NewCutting (PRESS) |
51100YEN (-) | 52700YEN (-) |
328.01US$ (-0.78) | 338.28US$ (-0.8) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS