Mitsui & Co. announced on Friday the firm supports capital increase of Erdos Electrical Power & Metallurgical Company (EPMC), a major ferroalloy maker in Inner Mongolia, China. EPMC plans capital increase by 1.4 billion yuan. Mitsui approved 350 million yuan (approximately 4.5 billion yen) support along Mitsui’s 25% equity in EPMC. EPMC recently built up ferroalloy output capacity of 1 million tonnes per year and started chemical product business such for polycrystalline silicon and polyvinyl chloride.
EPMC recently raised its capital fund to 5 billion yuan to start polycrystalline silicon business in 2010 and polyvinyl chloride business in 2011. Mitsui maintains its 25% equity in EPMC and increased total investment in the company to 23.5 billion yen. EPMC covers wide business fields including electric power generation and ferroalloy products. The company operates a joint venture for silicon manganese with Mitsui and JFE Steel. Mitsui will supply technology and marketing services for EPMC.| 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
