Crude steel output for Jan-Mar in China decreased by 1.7% from the previous year to 20.1 million tons. The quarter term result dropped for the first time in 20 years.It is the result of slowing down of real-estate development. Some of steel works is stopping operation due to declining incomes and environmental control by government.
Japan Steel Scrap Composite Prices (Sangyo Press)10/18/2018
|36200YEN (-)||41300YEN (-)|
|318.38US$ (-0.82)||363.24US$ (-0.93)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)