Marubeni-Itochu Steel announced on 10th to conclude MOU for steel pipe related service business with Rosneft which is a National Oil Company in Russia. They aim promotion of streamlining of oil-drilling related operation and improvement of safety and quality control, in close coordination and cooperation, as premises for supply chain for steel pipe and related field that Rosneft has in Russia, and provision of wide-ranging solution by Marubeni-Itochu Steel.
Japan Steel Scrap Composite Prices (Sangyo Press)01/18/2018
|36800YEN (-)||39500YEN (-)|
|327.61US$ (-2.85)||351.64US$ (-3.07)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)