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Ni SUS Scrap Price Concentrated in around JPY150,000 in latter Half of July
= All of Stainless steel mills have low motivation to buy =
As of July 17, some of the stainless steel mills in the Kanto area lowered the purchase price of nickel-containing stainless steel scrap (SABOT), which resulted in the price being around JPY150,000 (delivered at plant).

They are negative in collecting cargoes because the in-hand stocks owned by the respective stainless steel mills are sufficient in addition to a decrease in consumption of cold iron source in the period of production curtailment in the summer season. Besides, LME nickel price shows a declining trend, which also gives a push to price cutting.
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last modified : Tue 24 Jul, 2018 [10:06]
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