India: Stainless steel scrap prices increase by up to INR 10,000/t ($132/t)

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Prices of domestic stainless steel grade 304 scrap increased by up to INR 10,000/t ($132/t) w-o-w, as per market sources.
The effective price for stainless steel grade 316 scrap stands at INR 256,000/t ($3,377/t) and that for grade 304 scrap at INR 189,000/t ($2,493/t) exy-Delhi.
Increasing LME prices and strong demand resulted in the market turning bullish.

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