October 14, 2008

SS scrap import increases in Zhangjiagang port

It is reported that stainless scrap import 43rd batch in Zhangjiagang port in 2007 was 69,000 tonnes with a value at USD 190 million, the batch, weight and value increased by 760%, 590% and 530% respectively than that of in 2006.

Three characteristics for stainless scrap in Zhangjiagang port are as follows:
1. Stainless scrap demands increased since the low stainless scrap cost.
2. International stainless scrap resources were in a short supply, so domestic steel enterprises began to import from other countries.
3. Domestic stainless scrap recycles resources were insufficient and couldn’t meet the domestic demands.

As per report with the economic rapid development and improvement of people’s living standard, stainless steel output in China will keep strong and climbing up later.