Financial results in Fiscal 2014 ending in March of steel industry is started to announce. Tokyo Steel turned a good current-account surplus for the first time in 5 terms, and JFE Holdings increased recurring profit substantially. Nippon Steel and Sumitomo Metal is expected to announce substantial increased profit, and Kobe Steel and Nisshin Steel are also estimated to change to black in figure. Blast furnaces steel makers accomplished quantitative improvement on the background of moving into a new economic boom caused by Abenomics and improvement of high yen, and got away from weak performance after Lehman Brothers’ failure in the United States.
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)