September 06, 2008

Japanese SS scrap market to weaken

Japanese stainless steel scrap prices have dropped due to restrained buying. Currently trader's stainless steel scrap purchase price was between JPY 270,000 to JPY 275,000 per tonne. It is estimated that scrap price will fall further in the coming weeks.

Besides, exporter stainless steel scrap export price was at JPY 275,000 per tonne. Trader's stainless steel scrap purchase price was JPY 27,000 per tonne in middle part, but it may fall to JPY 260,000 per tonne.

(Sourced from YIEH.com)