Japan’s stainless scrap purchasing price has been reduced by ï¿¥30,000/ton in May. Prices of stainless steel scrap are now around ï¿¥25,500~26,000/ton. The main reason is that nickel price on the LME was falling since last week. The International Nickel Study Group forecasts a nickel surplus of 70,000 tons this year. Besides, major stainless steel mills […] ↓ Read the rest of this entry…