Author: Manya Dewangan
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India: Stainless steel prices rise further on alloy cost pressure
316 series gains sharply amid molybdenum shortage Buyers remain cautious despite firm market sentiment India’s stainless steel finished market remained elevated in the week ended 13 May 2026, supported by rising nickel and ferro molybdenum prices, while buying activity continued on a requirement basis amid persistent cost pressure. Market participants noted that ferro molybdenum prices…