SteelMint’s domestic stainless steel scrap (304 grade) price assessment increased today to INR 135,000/t ($1,661/t) ex-Delhi, up INR 4,000/t ($49.2/t) from Nov 29.
At the time of reporting, LME Ni prices rose 4% w-o-w to $26,960/mt.
Overseas transactions for 304-scrap CFR Mundra occurred in the $1,550-$80 range.
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