India: Major stainless steel coil manufacturer raises coil prices on cost pressure

India’s leading stainless steel coil manufacturer has announced a price increase, effective 29 Jan, driven by global cost pressures, strong dollar, and rising costs of raw materials. Revisions are as follows:

• 304 grade coils: +INR 2,000/t
• 316 grade coils: +INR 3,000/t
• 400 series grade coils: + INR 1,500/t
• 200 series grade coils: +INR 2,000/t
• JT coils: +INR 1,500/t