India: Stainless steel scrap prices remain stable

India’s domestic stainless steel scrap prices remained largely stable amid bearish finish market sentiments. BigMint’s 304-grade scrap stood at INR 114,000/t ($1,363/t) and 316-grade at INR 200,000/t ($2,412/t), ex-Delhi. In contrast, imported 304 is priced at $1,340/t and 316-grade scrap is observed at $2,520/t CFR Mundra.