India: Stainless steel scrap prices increase by up to INR 2,000/t ($26/t)

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Prices of domestic stainless steel grade 304 scrap increased by INR 2,000/t ($26/t) today as against 31 Mar’22.
The effective price for stainless steel grade 316 scrap stands at INR 269,000/t ($3,572/t) and for grade 304 scrap the price is INR 191,000/t ($2,536/t) exy-Delhi.
Tight scrap supply and strong demand turned market sentiments bullish.

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