Platts reported that, despite an uptick in the Japanese economy, demand for molybdenum-containing stainless steel scrap was weak through January.
As quoted in the market report:
SUS316 stainless scrap containing 16-18% chrome, 10-14% nickel and 2-3% molybdenum traded at around Yen 190 ($2.08)/kg on a delivered basis in January, stable from December, said sources at stainless steelmakers and scrap brokers in Japan.
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