Stainless steel mills in the Kanto area now offer the purchase price (delivered at plant) of nickel-containing stainless steel scrap (SABOT) at the range from JPY130,000 to JPY135,000. This is up by JPY0 - JPY5,000 from the middle of December. Some of the pick-up traders raised the purchase price in late December, and the situation of no particular price movement being seen continues thereafter. (Hereinafter, the price is per ton)|
The price of high-carbon ferro-chrome in the period from January to March was grossly up from the prior period, which however was factored into December, and as the current LME nickel price is sagging, the price of imported SABOT which once rose also dropped back slightly.
This week, stainless steel mills and pick-up traders are taking a wait-and-see stance and many of the market participants think the time when the price begins to move is the middle of the month.