Nippon Steel & Sumitomo Metal, Sumitomo Pipe & Tube and Nittetsu Steel Pipe announced on 29th that Sumitomo Pipe & Tube and Nittetsu Steel Pipe entered into a merger at both board meeting. They will merge on October 1st, and new firm’s name will be Nippon Steel & Sumikin Steel Pipe. Annual sales is around 120 billion yen and selling amount is over 1 million tons on a consolidated basis.
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)