Nippon Steel & Sumitomo Metal and China Steel (CSC) held the opening ceremony of China Steel Sumikin Vietnam Joint Stock Company(CSVC), a cold rolled steel manufacturing joint company they established in the south of Vietnam. It is the first continual production mill for cold rolled steel sheets, hot-dip galvanized steel sheets and magnetic steel sheets in south-eastern Asia. It will start production in November, and manufacture high grade steel sheets for automobile, electricity, and building material. Annual output capacity is 1.2 million tons, it is the largest level in Vietnam. They think to cover growing south-eastern Asia market armed with high quality and cost competitiveness.
Japan Steel Scrap Composite Prices (Sangyo Press)03/08/2021
|42300YEN (-)||44100YEN (-)|
|386.76US$ (-1.67)||403.22US$ (-1.74)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)