Swing of currency caused by money-easing by United States changes iron and steel sheet trade situation in Asia. India is increasing exports due to cheap rupee, and China is expanding imports because of dull domestic demand and excess steel making capability. south-eastern Asia market is impacted. In south-eastern Asia, steel making capability is also increasing, and relaxation of supply and demand drop steel market price. Trade friction in south-eastern Asia might concentrate more.
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)