According to the trade statistics (flash) Ministry of Finance announced on 19th, imports of all steels in February increased by 49.7% from the previous year to 736,716 tons, it exceeded the previous year level for the 4th straight months. It decreased by 16.0% compared with 877,393 tons in January recorded high, but it exceeded 700,000 tons for the 4th straight months. Parties involved in mill feel a sense of caution that high level import volume is kept due to increasing capability in Korea mill even if cheaper yen and strong won.
Japan Steel Scrap Composite Prices (Sangyo Press)09/19/2018
|35800YEN (300)||40800YEN (300)|
|315.98US$ (1.35)||360.11US$ (1.16)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)