According to iron and steel short‐term demand forecasting World Steel Association announced on 13th, world steel demand of 2016 decreased by 0.8% from the previous year to 1.48770 billion tons, it will be the decrease for the 2 straight years. Though demand in China makes up 43% of the total in the world, it will decrease for the 3 straight years. Total of countries other than China will rise by 1.8% for the first time in 2 years.
Japan Steel Scrap Composite Prices (Sangyo Press)11/21/2017
|33500YEN (-)||36000YEN (-)|
|294.74US$ (-1.22)||316.73US$ (-1.32)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)