India: Stainless steel scrap prices remain stable

  • Domestic stainless steel scrap (304 grade) prices were stable at INR 128,000/t exy-Delhi today against the last assessment on 21 Feb’23. Prices were stable due to limited market activities.
  • Imported 304 stainless steel scrap offers are currently at $1,570-1,580/t and for 316 grade at $3,050-3,080/t.
  • Nickel prices on the LME, however, dropped sharply by $719/t w-o-w and currently stands at $25,770/t.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *