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)09/22/2021
|49000YEN (700)||59000YEN (700)|
|444.57US$ (7.74)||535.29US$ (8.02)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)