India: Leading stainless steel coil maker cuts 300 series tags by up to INR 3,000/t ($34/t)

India’s leading stainless steel coil manufacturer reduced tags of its 300 series products, effective 13 Apr’25, following a drop in prices of nickel, a key raw material. Consequently, prices of 304 and 316 HRCs were cut by INR 3,000/t ($34/t), while CRC tags were reduced by INR 2,000/t ($23/t). Notably, this marks the first price revision in Apr’25. Currently, LME nickel prices stand at $15,300/t.