Kobe Steel and SHINSHO announced on 3rd they started to consider to establish a joint venture selling and making steel wire for cold heading in Mexico, with Metalone, Osaka Seiko, Repubulic Steel in the United States. They aim to supply high quality steel wire at quick delivery by establishing the processing base in Mexico that is expanding output by Japanese automobile maker. They responds to local demand expected further development from now.
Japan Steel Scrap Composite Prices (Sangyo Press)12/12/2018
|30100YEN (-)||35300YEN (-)|
|0.99US$ (-)||1.16US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)