Japan: Tokyo Steel Keeps Steel Prices Unchanged For Jan’19
Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker has kept steel prices unchanged owing to softening export offers in overseas nations.
Prior this, last month company increased heavy plate prices by Yen 2000/MT for December deliveries on the backdrop of tight supply and increased demand in construction sector.
Regarding domestic market conditions, Imamura Managing Director highlighted,”Domestic demand remains firm, but we are keeping product prices steady as the overseas steel market has fallen quite sharply,”
Tokyo Steel Scrap Prices- In last one months’ time, the steelmaker observed successive price cuts for domestic scrap resulting in a total price drop of JPY 3000-5500/MT (USD 26-49/MT). Prices at Utsunomiya plant in the Kanto region have come down to more than 1 year’s low. Now, H2 prices stand at JPY 30,500/MT at largest plant, Tahara and JPY 31,500/MT at Utsunomiya plant. Participants expect scrap prices to correct further with no signs of bottom yet.
source: SteelMint
Top News
Six last month
Two last year
Bolivia ditches new gold rule within days to curb ‘speculation’
Iron ore price drops toward $100 as China’s latest fix disappoints
China, Indonesia seal $10 billion in deals focused on green energy and tech
Copper price, stocks are being hammered as Trump tariff, China worries mount
Codelco copper production rises in September, Escondida dips
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Top gold ETF sees largest weekly outflow since 2022 on Trump win
US judge narrows investor lawsuit against Rio Tinto over Mongolian mine
Japan, Peru to agree on cooperation in mineral mining technology
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Lithium in nascent rebound, but long-term outlook is bleak
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus
Families gather at South African mine shaft where hundreds are feared stuck underground
Soaring demand for copper will help drive mergers, BHP CEO says
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Higher silver supply to reduce global deficit by 4% in 2024
Swapping aluminum for copper will maintain China’s resources, group says
MinRes halts Bald Hill mine amid lithium price rout
Suitors circle American Eagle Gold as South32 takes 19.9% stake
Zimbabwe to end tax relief for miners to spur mineral processing
Australian iron ore giants’ shares sink on disappointing China stimulus