Shinsho Corporation and Kobe Steel announced on 3rd to decide to establish a production base of steel wire for cold heading with 4 companies including Metal one in Mexico. They had been discussing about the joint venture since March. Company name is Kobelco CH Wire Mexicana(KCHM).
Japan Steel Scrap Composite Prices (Sangyo Press)02/19/2019
|30800YEN (-)||35700YEN (-)|
|276.16US$ (0.03)||320.09US$ (0.03)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)