India’s stainless steel scrap prices hold steady amid limited activity

Stainless steel scrap prices in India held steady with 304-grade at INR 120,000/t, 316-grade at INR 210,500/t ex-Delhi. Imported scrap priced at $1,420/t for 304-grade and $2,575/t for 316-grade CFR Mundra. Sources anticipate prices might see a slight uptick in the near term. A deal for 100 t of SS 304 scrap from Thailand was reportedly traded at $1,420/t, CFR Mundra.