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)05/23/2019
|29700YEN (-)||33600YEN (-)|
|266.89US$ (0.59)||301.94US$ (0.68)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)