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)03/30/2020
|19600YEN (-400)||21800YEN (-200)|
|180.35US$ (-1.55)||200.59US$ (0.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)