Japanese integrated steel makers’ iron ore purchase price for April-June is likely to decrease by 15-17% from January-March. Because, though spot price is rising from the bottom in last year, the averaged price in December-February would decrease.
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)