- SteelMint’s assessment for domestic 304 grade stainless steel scrap prices fell by 8.7% to INR 126,000/t ($1,588/t) ex-Delhi today as against prices on 30 June. The correction in import scrap prices and poor demand pulled domestic market prices lower.
- Notably, LME nickel three-month future prices have dropped by $659/t w-o-w.
- The price of stainless steel 304 grade HRC fell to INR 235,000/t exw-Mumbai today.
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