[Now in Japan] Yamato's H-beam for distribution 'freeze'... Ministry of Environment Doubled metal recycling in 10 years

Yamato Steel announced on the 23rd that it would freeze the sale price of H-beams for distribution for September shipments at the same level as the previous month. In addition, the price of general section (channel, I-beam, etc.) contracted in September will also be frozen.

As a result, H-beams and channels (C-beams) are frozen for 3 consecutive months and I-beams are frozen for 4 consecutive months.

After examining China's steel exports and production trends, which have a significant impact on the raw material and product markets, the price freeze will be decided to maintain the selling price at the current level to determine future pricing policies.

The Ministry of Environment has set long-term goals for recycling.

By 2030, the market size of businesses related to the circular economy, such as recycling, will be expanded from the current 50 trillion yen to over 80 trillion yen.

In particular, it is set to double its metal recycling and processing capacity over the next 10 years, and to cut waste in the food sector to less than 4 million tons by 2030.

The Ministry of Environment plans to formally confirm the 'Circular Economy Process Table' for 2050 at the Circular Social Group under the Ministry of Environment to be held on the 25th.

Gongyeong Steel, the largest rebar producer, announced on the 23rd that it would freeze the sale price of rebar at all its offices in September.

As the international price of iron scrap (scrap iron), the main raw material for electric furnaces, has passed the trough and domestic prices are starting to reverse, it is announced that it will freeze the selling price in September to look at future price trends.

As of the end of July, H-beam inventories were 186,300 tons, down 2,100 tons, or 1.1%, compared to the end of the previous month, announced by the Tokiwa Association, a meeting of Japanese steel distributors. It turned into a decline after two months.

As large-scale steel frame construction continues and demand for small and medium-sized steel frame construction continues to rise 파칭코사이트인포, shipments exceed stocks.

Even compared to the same month of the previous year, it decreased by 2,200 tons, or 1.2%, to the lowest level since the end of November 2021.