Tag: 304 grade
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India: Stainless steel prices drop w-o-w as LME nickel drifts lower
Finished stainless steel prices decrease No major buying activity seen post-elections Scrap prices remain relatively stable In India, finished stainless steel prices have dropped this week which can be linked to a decrease in LME nickel prices. Market participants did not absorb the price hike by a major domestic producer. Scrap prices in the domestic…