India: Leading stainless steel manufacturer hikes coil prices by INR 2,000/t ($22)

A leading stainless steel producer has announced a price hike effective 17 Dec’25, marking its first hike this month. It has raised 304-grade coil prices by INR 2,000/t ($2/t), 316-grade prices by INR 2,000/t ($22/t) and JT HR coils by INR 2,000/t ($22/t). The revision came amid a strengthening US dollar and China’s new export licence regime for stainless steel from 1 Jan’26.