Tag: 304 scrap

India: Stainless steel scrap market stable but prices of finished products continue to fall

Mar 1, 2023

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by

Jayprakash Sahu

in Stainless Steel

Stainless steel prices in India continued to fall this week. 304 grade stainless steel hot-rolled coil (HRC) prices ex-Mumbai dropped INR 4,000/t ($48/t) w-o-w to INR 226,000/t ($2,735/t), while domestic 304 grade stainless steel scrap prices ex-Delhi were assessed at INR 128,000/t ($1,549/t). Nickel prices on the London Metal Exchange (LME) fell by around 4%…