Ministry of Inudustry and Information Technology of the People’s Republic of China announced on 8th, it expects crude steel output in 2013 increases by 4.7% from the previous year to 750 million tons. It in 2012 increased by 3.1%, it exceeded 700 million tons for the first time. But increasing ratio in 2013 is expected to get higher. Makers are likely to increase output because of demand recover by economic measures and rising ferrous steel price. The ministry see oversupply as a problem and plans to set up the new policy for structural reforms of steel industry and support restructuring.
Japan Steel Scrap Composite Prices (Sangyo Press)07/10/2020
|22100YEN (-)||24200YEN (-)|
|204.38US$ (0.34)||223.8US$ (0.37)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)