Hitachi Metals announced on 29th to acquire 51% (31,620 stock) of allotted capital of MMC Superalloy which is a 100% subsidiary of Mitsubishi Materials and manufactures special alloy mainly. Mitsubishi Materials transfers a part of MMC stock to Hitachi Metals, and floats and acquires shares for subscription using allocation of new stocks to Hitachi Metals by MMC.
Japan Steel Scrap Composite Prices (Sangyo Press)12/10/2018
|30300YEN (-)||35400YEN (-)|
|0.63US$ (-)||0.74US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)