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)12/07/2018
|30300YEN (-300)||35400YEN (-400)|
|2.28US$ (-)||3.1US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)