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)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)