India: Stainless steel scrap prices remain stable

  • Domestic stainless steel scrap 304 grade prices remained stable at INR 129,000/t ($1,569/t) ex-Delhi today as against 31 Jan’23.
  • 316 grade prices were assessed at INR 239,000/t ($2,907/t) exy-Delhi while induction-grade utensil scrap prices stood at INR 69,000/t ($839/t).
  • Meanwhile, global stainless steel scrap offers rose on active buying from Europe. Today, deals for 304 grade were heard concluded between $1,650-1,660/t.

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