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SUSscrap MarketWatch 2024#8 Ni market is high, which is causing Ni series to rise; Consideration of Cr series

In the domestic stainless steel scrap market, the nickel series scrap market is slowly rising due to the rising LME nickel market index and the weaker yen. Cr-based products have remained flat at high prices, partly due to a conscious increase in recycling ratios among stainless specialty steel makers. On a market basis, Series 304s are priced at 200-205 yen and 210-215 yen for manufacturers and export shippers. 316s are priced at 360-400 yen. With Mo high, the downside is also being raised. Any of the generation remains low. Cr-based products are also available at 80-84 yen on a special steel manufacturer's bid basis for 430-only, and 75-80 yen for mixed Cr for export. The term "Cr-based" covers a wide range. Those containing minor amounts of Ni, Nb, and Mo are also available. In particular, the amount of Nb-containing Cr used in automobile mufflers has been increasing rapidly recently.
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