Author: Drishya Yadav
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India: Stainless steel scrap prices fall further on low demand
SteelMint’s assessment for domestic 304 grade stainless steel scrap prices fell by over 5% to INR 134,000/t ($1,695/t) ex-Delhi today as against prices on 28 June. The correction in import scrap prices and less demand pulled domestic market prices lower. Notably, LME nickel three-month future prices have dropped by $676/t w-o-w. “A north India-based major…