Japanese stainless scrap export increased by 16% to 24,230 tonnes in November from October, according to Ministry of Finance. The export increased by 5% from a year earlier. The volume hit more than 20,000 tonnes for 2 months in a row when the export to China reached 10,000 tonnes for 2 months in a row and the export to South Korea was second high in 2007. The export to South Korea increased by 107% to 9,990 tonnes in November from October after less than 5,000 tonnes per month in July-October. The export to China was 13,760 tonnes, which was 8% lower than October and 9% lower than a year earlier. Japanese stainless scrap market price decreased toward the end of 2007 when domestic stainless makers reduced the output and export was low level for China and South Korea.
Japan Steel Scrap Composite Prices (Sangyo Press)
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