A leading stainless steel coil manufacturer has announced its second price increase in early Jan’26, effective 7 Jan, citing sustained cost-side pressures. The company raised prices of 304-grade coils by INR 4,000/t and 316-grade coils by INR 7,000/t. The revision comes amid elevated nickel prices and improving domestic demand. At the time of reporting, LME nickel prices stood at $18,480/t.
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