After March, Chinese steel market lost ground. It is the background of decline of steel materials futures price and crude coil price. Stock on the market of steel materials are increasing. Construction demand by end users might be stagnant.
Japan Steel Scrap Composite Prices (Sangyo Press)02/25/2021
|40100YEN (300)||41800YEN (200)|
|374.56US$ (0.53)||390.44US$ (-0.51)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)