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)12/12/2018
|30100YEN (-)||35300YEN (-)|
|0.99US$ (-)||1.16US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)