India: Stainless steel scrap prices remain stable

  • SteelMint’s assessment of domestic stainless steel scrap prices of 304 grade remain unchanged at INR 118,000/t ($1,426/t) ex-Delhi today compared to 18 Oct’22.
  • Prices of other grades (316, utensil scrap) was also at the same level at INR 205,000/t ($2,478/t)and 72,000/t ($870/t) ex-Delhi.
  • Low domestic demand has kept stainless steel scrap prices stable.

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