Iron ore import price in China dipped below 50 dollers per ton. It decreased by 12.7% from the previous week to 47.54 dollers (around 5700 yen, CIF), and fell to new low after 2008. It started to drop quickly in the middle of March.
Japan Steel Scrap Composite Prices (Sangyo Press)04/22/2019
|30900YEN (-400)||34900YEN (-600)|
|273.48US$ (-3.49)||308.88US$ (-5.25)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)