JFE Steel announced on 16th to abort the feasibility study(FS) for participation to a integrated steel making plan by the blast furnace in Vietnam. The firm will dissolve MOU with E United Group, a iron and steel maker in Taiwan. Though JFE Steel planned to establish a integrated steel making base in south-eastern Asia, dropped the participation to this plan while supply is overplus.
Japan Steel Scrap Composite Prices (Sangyo Press)12/10/2018
|30300YEN (-)||35400YEN (-)|
|0.63US$ (-)||0.74US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)