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)10/15/2018
|36200YEN (-)||41300YEN (-)|
|320.27US$ (0.45)||365.39US$ (0.52)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)