Author: Drishya Yadav

Domestic stainless steel prices in India continued the declining trend this week too. Prices of 304-grade hot-rolled coils (HRCs) fell by INR 10,000/tonne ($121/t) w-o-w to INR 215,000/t ($2,601/t) exw, while domestic 304-grade scrap prices remained stable w-o-w at INR 128,000/t ($1,548/t) ex-Delhi. The three-month nickel futures on the London Metal Exchange (LME) also dropped…