Stainless scrap price for Nickel series is strong tone in Tokyo, one for Chrome is flat. The price increased by 10,000 yen per tonne from the beginning of this month to 116,000 yen for new cutting scrap of 18% chrome 8% Nickel, to 106,000 yen for turning scrap. 18Cr is around 11,000 yen.From this month, Nippon Steel & Sumikin Stainless Steel Corporation and Nippon Yakin Kogyo raised the price by 10,000 yen per tonne for the previous month. Though Nippon Metal Industry waits and see the situation, it plans to hike the preice by 10,000 yen.It is the step to response to appreciation of export price and to hold domestic scrap. Some busineshouse said that the export price is increasing to US$1,480, and it is expected to rise further.
Japan Steel Scrap Composite Prices (Sangyo Press)09/28/2023
|50400YEN (-)||52000YEN (-)|
|334.55US$ (-1.27)||345.17US$ (-1.31)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)