Japan's stainless steel scrap exports rebound during Nov '14

Author: Paul Ploumis
07 Jan 2015 Last updated at 02:13:00 GMT
TOKYO (Scrap Monster): The recent data published by the Japanese Ministry of Finance (MoF) indicates that stainless steel scrap exports from the country surged higher during the month of November last year.

Japan's exports of stainless steel scrap during Nov '14 totaled 9,974 tons, increasing by 30% when compared with the exports during the previous month. The country had exported 7,672 tons of stainless steel scrap during October 2014.

However, the average export prices were up marginally by 0.8% over the previous month to ￥132,392 per ton during Nov '14. The cumulative exports during the initial eleven-month period from January to September this year totaled 98,404 tons, MoF data said.