India: Major stainless steel manufacturer raises coil prices on raw material volatility

India’s leading stainless steel coil manufacturer has announced a price increase, effective 15 Feb, driven by global cost pressures, rising molybdenum prices, and nickel price volatility. Revised prices are as follows:

• 304 grade coils: +INR 2,000/t
• 316 grade coils: +INR 4,000/t
• 400 series grade coils: + INR 3000/t
• JT coils: +INR 2,000/t