Metal One, ELG Haniel to Launch Stainless Blend Scrap Supply in Japan

Metal One Corporation established stainless blend scrap processing joint venture in Sodegaura, Chiba with ELG Haniel of Germany. The joint venture will supply materials for offshore stainless makers mainly in China and growing countries, according to sources. ELG Haniel controls 51% of the joint venture with 49% share by Metal One. Blend scrap represents around 65% of world stainless scrap supply. The suppliers put nickel and chrome into metal scrap to make equivalent SUS304 scrap with 18% chrome and 8% nickel. The suppliers also cut the materials for flexible input by stainless makers. The joint venture secured around 9,000 square meters of land in Sodegaura last year. The firm starts operation after installation of processing equipment to supply monthly 3,000 tonnes of scrap. Metal One tries to make use of blending knowhow of ELG Haniel, which is the world no.1 blend scrap supplier both for nonferrous and stainless scrap.