Author: Kanishka Chhabria
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India: Major stainless steel producer hikes 316-grade coil prices further on rising ferro molybdenum prices
316-grade prices raised again amid higher alloy costs Ferro molybdenum prices rise 8% since early July A leading Indian stainless steel producer has further increased prices of 316-grade hot-rolled (HRC) and cold-rolled (CRC) products by INR 4,000/t, effective 25 August. This marks another upward revision for the grade this month, with market participants attributing the…