SUSscrap Market 2024#15 Strong yen and falling LME nickel prices cause further decline
07/30/2024 15:03
The SUS scrap market is likely to follow a downward trend in the near term, reflecting the decline in LME nickel prices and the significant appreciation of the yen. From the 25th onwards, domestic manufacturers’ purchase prices for 304-grade scrap are expected to decrease by 5 yen to 210-215 yen per kilogram.
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