Author: Deepika Singh
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India: Stainless steel prices rebound as futures trend higher
Stainless steel prices in India have bounced back this week following a period of stability, driven by increases in raw material prices and futures. The uptick has been particularly notable in finished product prices, with 304-grade hot-rolled coils (HRCs) increasing by INR 3,000/t ($37/t) w-o-w to INR 176,000/t ($2,120/t) ex-Mumbai, according to BigMint assessment. The…