Joint coil center by Sumitomo corp and Sumikin Bussan in China, Tianjin Huazhu Metal Products, will raise processing volume in and after March. Because production of automobile parts makers which is user of the firm is estimated to recover, the firm plans to prepare to rising of orders. A growing numbers of Japanese-owned coil centers are likely to respond to increasing of steel material demand, on the background that sales of Japanese-owned automobile which was decreasing because of Senkaku Islands dispute, is recovering step by step.
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)