Tag: stainless scrap market
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Japan: Kanto’s nickel-based stainless steel scrap prices rebound on higher LME nickel, weak yen
Steelmakers raise purchase prices to stimulate scrap arrivals Stainless steel production remains low despite scrap price hike JapanMetalDaily: Japan’s nickel-based stainless steel scrap prices in the Kanto region recorded a sharp rebound this week. Prices rose by JPY 10,000/t ($63/t) as mills moved to encourage inflows amid tighter availability and stronger global cost cues. Several…