Toyota Motor’s trading affiliate, Toyota Tsusho Corporation announced on Thursday the firm and Osaka based cold finished steel bar maker, Sanyo Metal established for automotive bar making joint venture in Changzhou of China in May. The joint venture starts construction of the plant soon to start operation in early 2013.
Sanyo Metal controls 51% of the joint venture with US$ 5.625 million of capital. Toyota Tsusho has 49% share in the joint venture. The new plant will supply products for Japanese automobile makers’ transplants in China. The firm utilizes Sanyo Metal’s technology of bar processing and Toyota Tsusho’s stable steel supply ability to meet growing demand from Japanese automakers for local purchase.| M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* 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
