- Prices of both domestic 304 and 316 grade stainless steel scrap fell by INR 9,000/t today due to falling LME prices and low demand of both scrap and finished products, as per SteelMint assessment.
- The effective price of 304 grade scrap is INR 165,000/t ($2,130/t) and 316 grade scrap prices are at INR 261,000/t ($3,369/t) exy Delhi.
- The price of 304 grade stainless steel HRC exw Mumbai is at INR 260,000/t ($3,356/t), down INR 8,000/t ($103/t) w-o-w.
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