India: Domestic stainless steel scrap prices increase

  • Domestic 304 grade stainless steel scrap prices moved up by INR 1,000/t to INR 136,000/t ($1,705/t) ex-Delhi today against prices on 15 Sep’22.
  • LME 3-month futures fluctuated last week to settle at $24,594/t today, up $1,600/t w-o-w.
  • Imported stainless steel 304 and 316 HRC prices rose by INR 3,000/t w-o-w to INR 240,000/t and INR 353,000/t owing to improved demand ahead of the festival season.

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