Business performance of blast furnaces steel manufactures are starting to improve absolutely. According to combined consolidated profit estimation for fiscal year ending March 2014 announced on 31st, Nippon Steel & Sumitomo Metal increased by 240% from the previous period to over 300 billion yen, JFE Holdings rose by 230% to 170 billion yen and surplus of Kobe Steel expanded from 45 billion yen to 60 billion yen. Nisshin steel holdings is expected to be turnaround, it is planned to be announced on 5th. Earnings recovery of integrated steel making business that is falling, moves a step because earning structural reforms become successful while environment of iron and steel market in Japan turns up.
Japan Steel Scrap Composite Prices (Sangyo Press)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)