India: Stainless steel scrap prices remain almost stable

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Prices of domestic 304 grade stainless steel scrap remained rangebound, while 316 grade scrap prices stayed firm today.
The effective prices of 304 grade scrap are at INR 192,000/t ($2,519/t) and 316 grade scrap prices are at INR 289,000/t ($3,792/t) exy Delhi.
The LME 3-month contract price and cash prices diverged in a tight range, as per data maintained with SteelMint.

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