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In Japan, steel has become cheaper than water by weight, resulting from the closure of several blast furnaces across the country.
By PA/TPN, in Asia, World, Economy · 03 May 2025, 17:31 · 1 Comments
The average price of a 1L bottle of mineral water reaches ¥156, while the average distribution price for 1.6 millimetre cold-rolled steel sheets amounts to ¥1442,500 per tonne, which is ¥141.5 per kilogramme, ¥15 cheaper than 1kg of water.
According to Nikkei POS, which collects sales information from supermarkets and other stores nationwide, this represents an increase of up to 5 percent year-on-year in March alone.
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In Asia, World, Environment, Sustainability - 03 May 2025, 16:31
In Asia, World, Sustainability - 26 Apr 2025, 18:31
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In Asia, World, Environment, Sustainability - 03 May 2025, 16:31
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It's the same here in Portugal.
"Luso" agua in 33cl bottles retails at 1.09 per liter. That's 1090 per ton.
Steel sheet (with tax, delivered to my door) costs just 950 per ton.
Of course, if the steel were in the form of razor blades and I bought them at the supermarket, they would come to around 1,000,000 euros per ton, and irrigation water supplied by the Mira irrigation scheme is charges at 5 cents per ton.
By mark Holden from Algarve on 04 May 2025, 21:39