According to foreign trade statistics Ministry of Finance announced, imports of ordinary steel in March increased by 15% from the previous month to 472,797 tons, it exceeded 400,000 tons for 5 straight months. heavy plate, hot-rolled steel sheets, electric steel sheets and steel pipe recorded high with monthly base. Imports from Korea, Taiwan and China increased. Special steels increased by 30.9% to 114,775 tons. Though yen keeps 100 yen over to the dollar stably, surplus items in East Asia which has structural issue as like oversupply, are swept into Japan where mill rolls are getting tight due to demand recovery of automobile and building material.
Japan Steel Scrap Composite Prices (Sangyo Press)07/12/2018
|34300YEN (-)||38800YEN (-)|
|303.06US$ (-3.38)||342.82US$ (-3.83)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)