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Japanese stainless scrap price may soar

Japan sought to remain the purchasing price of nickel based stainless steel scrap unchanged for May 2009, but the export prices of scrap has rose to USD 1,300 per tonne as LME nickel prices rebound. It’s predicted that the nickel-based stainless steel scrap prices in May will soar as well. Japan’s stainless steelmakers now are running at over 50% capacity.

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