Nippon Steel & Sumitomo Metal decided to raise the price of steel sheets for Japanese distributors by 5,000 yen per ton from February shipments. The firm transmitted business firm, coil center, distributors. It is the background that the firm aims to improve the price because of improvement of high yen and upturn of overseas market.
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)