- India’s largest stainless steel producer, Jindal Stainless Limited (JSL), has announced a price cut of INR 5,000/t in 316L owing to decrease in molybdenum prices, SteelMint understands.
- The price for 304 grade was cut by INR 3,000/t, and INR 2,000/t in JT grade stainless steel, sources informed.
- As per latest assessment, prices for ferro molybdenum (FeMo60%) ex-plant Nagpur stood at INR 297,5000/t on 29 Mar’23, down 13.8% w-o-w.
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