Metal one and Mitsui & Co. Steel announced on 16th to strike the contract to integrate entire business of Metal One Structural Steel & Resource, and construction steel materials related business in Japan and metal scrap related business of Mitsui & Co. Steel in October 1st. Merger ratio is fifty-fifty.
Japan Steel Scrap Composite Prices (Sangyo Press)09/25/2018
|36000YEN (-)||41100YEN (-)|
|315.73US$ (-1.14)||360.46US$ (-1.3)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)