Steel imports of August in China increased by 26.4% from the previous month to 7.76 million tons, it was the increase for the 9th straight months. And it was also the 3rd highest level at monthly statistics. Chinese iron and steel makers are more likely to sell the steels to overvalued international market compared to China. Some makers are increasing exports in cooperation with overseas trade company, and some makers export them for users with strings attached after they have a coil center abroad.
Japan Steel Scrap Composite Prices (Sangyo Press)08/16/2018
|34800YEN (-)||39700YEN (-)|
|311.8US$ (2.19)||355.7US$ (2.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)