Author: Drishya Yadav
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India: Stainless steel scrap prices continue its downtrend
SteelMint’s assessment for domestic 304 grade stainless steel scrap prices fell today by INR 4,000/t ($51/t) to INR 142,000/t ($1,798/t) ex-Delhi as against prices on 23 June. The price of 304 grade stainless steel hot-rolled coil was recorded at INR 236,000/t ($/t) ex-Mumbai. Falling nickel prices on LME and less demand drove the domestic market…