Tokyo Steel is reducing material cost in fiscal 2014 ending March 2015, increasing use of low-cost scrap, promoting securement of stable procurement root. The firm will increase use of low-cost turning which has been used fully since fiscal 2013, and C press. Tahara plant will also start to accept A press including all parts of used car from the second half of this fiscal year. To decrease scrap purchasing average price improves earnings more.
Japan Steel Scrap Composite Prices (Sangyo Press)10/23/2018
|36200YEN (-)||41300YEN (-)|
|318.19US$ (-0.78)||363.01US$ (-0.9)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)