Japanese integrated steel makers’ iron ore purchase price is likely to decrease substantially for July-September. Watching the international spot market price, it might dip below FOB 100 dollars per ton for the first time since 2010. In China, inventories of iron ore increases to record-high level, buying offer of iron ore low while steel market price is decreasing.
Japan Steel Scrap Composite Prices (Sangyo Press)10/18/2018
|36200YEN (-)||41300YEN (-)|
|318.38US$ (-0.82)||363.24US$ (-0.93)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)