JFE Steel announced on 19th the firm accepted 325,000 tons orders of UOE Pipe DNV 450 Grade for line pipe with Marubeni-Itochu Steel, for Statoil which is a major oil company in Norway. These are used for Polarled Pipeline Project, Statoil develops in Norwegian Sea. Contract amount is 360 million US dollers. Award volume is record-high for JFE and Marubeni-Itochu Steel.
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)