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)10/22/2020
|26800YEN (-)||28800YEN (-)|
|253.69US$ (1.83)||272.62US$ (1.97)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)