SUSscrap MarketWatch 2024 #19: Potential 5-Yen Drop Despite Nickel Price Rebound
09/03/2024 14:10
The stainless steel scrap market continues to show signs of a downturn.
“It’s not about the nickel market right now. The yen is almost certain to appreciate, and more importantly, demand is low. Exporting is going to be difficult, especially if domestic manufacturers reduce production, which will further weaken the market. I anticipate a drop of 5 to 10 yen in September,” explained a Chinese stainless steel scrap dealer.
This article is for members only. You can read the rest after application confirmation.
Register now Login
Register now Login
Related articles
- 06/11/2025 USA Recyclers File #3: GLOBAL REFINING GROUP WEST, ELG, TRIPLE M METAL, ACEROS AZA S.A.
- 06/10/2025 USA Recyclers File #2: SPECTRUM ALLOYS, MONICO ALLOYS, OmniSource, LLC
- 06/10/2025 USA Recyclers File Vol.1 – YE CHIU (Metalico), CRONIMET, and 74 Alloys (Tungco)
- 05/26/2025 Winds from San Diego: Stable Stainless Demand in the U.S., but Uncertain Outlook for the Global Market
- 05/26/2025 Winds from San Diego: India as the Future Core of the Global Circular Economy
- 04/01/2025 REC Co., Ltd.: Transforming from the Heisei Era into the Reiwa Era
- 03/14/2025 Tungsten & Molybdenum Scrap Market Trends: Tungsten Scrap Surges Amid China's Export Restrictions
- 02/28/2025 MRAI's 12th IMRC 2025 Report①: Interviews with IRM, MIL, Gravita
- 11/25/2024 Interview with the Expert from a Major Nickel Producer: Future Trends of the Nickel Market
- 11/25/2024 How Tsingshan Stays the World’s Most Competitive Stainless Steel Producer
