India: Stainless steel scrap prices show recovery

  • SteelMint’s assessment for domestic 304 grade stainless steel scrap prices has recovered to INR 117,000/t ($1,465/t) ex-Delhi today as against INR 114,000/t ($1,428/t) from 21 July.
  • Export offers for 304 scrap have also improved by $100/t to $1,450-$1,500/t. Prices rebounded on the back of rising exchange prices.

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