JMB reported that Japanese electric furnace carbon steel makers enjoy wider margin between ferrous scrap cost and steel products selling price recently when the scrap cost is around JPY 27,000 to JPY 33,000 per tonne for H2 grade while the cost wan more than JPY 35,000 in April to September 2010 period.
Their monthly loss is narrower than the first half of fiscal 2010 started April. The better material cost could improve the results in July to September 2010 period while the major 6 makers out of listed 13 makers posted recurring loss in April to June 2010 period.
