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)07/18/2018
|34300YEN (-)||39000YEN (200)|
|300.85US$ (-1.51)||342.08US$ (0.05)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)