India’s stainless steel scrap prices remained largely stable w-o-w, with minor fluctuations. Market activity was low to moderate, driven by need-based buying. Domestic 304-grade scrap stood at INR 115,000/t ($1,316/t) ex-Delhi, while imported material was at $1,260/t CFR Mundra. Three-month LME nickel prices were range-bound at $15,635/t. Looking ahead, prices are expected to stay stable, with limited buying. Holi may further slow market activity.
India: Imported, domestic stainless steel scrap prices remain steady w-o-w amid need-based buying
304-grade SS scrap CFR Mundra SS scrap domestic stainless steel scrap prices remain steady w-o-w amid need-based buying Holi market impact imported SS scrap price India SS scrap market India: Imported LME nickel prices metal prices India SS scrap buying activity stainless steel industry news stainless steel market trends stainless steel scrap Delhi Stainless steel scrap prices
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