6 general merchants and traders announced their financial results for April-June of fiscal 2015, on August 6th. As for net income or loss of metal related branch, Mitsubishi ended in the red, and profits in 5 firms including Mitsui, ITOCHU, Sumitomo, Marubeni and Sojitz, declined. They were on the background of a decrease of resource price including iron ore and coal and dropping product price, and decreased energy related steels demand cauded by low price of crude oil.
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)