Author: Drishya Yadav
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India: Stainless steel scrap, finished prices inch up w-o-w amid rising LME nickel
Domestic 304 grade stainless steel scrap prices moved up by INR 1,000/tonne (t) w-o-w at INR 134,000/t ($1,626/t) ex-Delhi today, as per SteelMint data. Prices got support from rising nickel futures on the London Metal Exchange (LME). LME’s 3-months nickel (Ni) prices rose by $2,000/t w-o-w at the time of publishing the article. Meanwhile, imported…