Crude steel production by 14 electric furnace makers in the Kanto region in June 2023 is expected to fall 2.6% y/y and 3.4% m/m to around 362,200 tons. Deformed steel bars, mainly base size, have been stagnant for both large-scale and small- and medium-scale construction projects. Shaped steel production is also on a downward trend, with the exception of some products. Billet exports are also expected to remain at low levels due to the sluggish Asian market, and both y-o-y and m/m forecasts are negative.
Japan Steel Scrap Composite Prices (Sangyo Press)
09/28/2023H2 | NewCutting (PRESS) |
50400YEN (-) | 52000YEN (-) |
334.55US$ (-1.27) | 345.17US$ (-1.31) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS