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Prices Of Stainless Steel Scrap Prevailing In Domestic And Overseas Markets Have Differed
= Mills In China And South Korea Have Taken Positive Attitude To Purchase Stainless Steel Scrap
The prices of nickel-based stainless steel scrap prevailing in Japan and China - South Korea have differed and, by creep along between these two different prices, the dealers concerned have successively risen their prices to collect nickel-based stainless steel scrap from domestic sources of Japan. This tendency is thought to continue for the time being.

Stainless steel mills in Japan have risen their purchase prices of nickel-based stainless steel scrap ( new clippings ) by Yen 30,000 per ton for deliveries in October from domestic sources after an interval of half year and, consequently, new price of this scrap to be paid by mills has come to Yen 260,000 per ton delivered to mills. This rise of price for stainless steel scrap has confirmed the actual price dominating in domestic market and the official prices to purchase this scrap have been revised. Accordingly, any positiveness to purchase stainless steel scrap is not sporadically seen and the quantity of this scrap to be purchased by mills is unable to increase. While the work to digest stocks of stainless steel scrap is hard to progress, the output of stainless steel products in Japan is continuing to decrease and a mood for stainless steel scrap has been still depressed.

On the other hand, a level of the price to collect nickel-based stainless steel scrap from domestic sources has exceeded by more than Yen 20,000 per ton in comparison with new price to be paid by mills for their purchases and the current price for collection of this scrap has approached to a level of Yen 280,000 per ton ex. yard. The background of this aspect is that the exports of stainless steel scrap from Japan to South Korea have revived, following the recovered scrap exports for China. It was informed that, in addition to the recovered exports of stainless steel scrap for Zhangjiagang Stainless Steel Company in China, a substantial quantity of stainless steel scrap is now being exported from Japan to medium and small mills in China. For a reference, since China has entered in National Holiday from the 1st of October, the business of stainless steel scrap for China has become quiet at present.

Posco of South Korea has risen their purchase price of nickel-based stainless steel scrap by Won 350 per kg. for deliveries in October and, in view of the fact that the exchange rate of South Korean currency - Won against US-Dollar has currently strengthened, a rise of Won 350 per kg. is equivalent to Japanese Yen 40,000 per ton. Stainless steel mills in South Korea have revived to purchase stainless steel scrap. The business to import Sabot into Japan had a boom in the first half of 2007 but has come to a standstill at present with depression and, therefore, Sabot price has turned to be nominal. Nevertheless, Sabot is now being offered at US$2,500 per ton CIF Japan from Asian sources.

The movements of prices for nickel-based stainless steel scrap in Japan during January 2005 to October 2007 were as per the table shown below ;
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last modified : Fri 12 Oct, 2007 [10:38]
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