Tag: 316 scrap price

Stainless steel scrap prices remained unchanged at $1,350/t CFR Mundra for 304 grade and $2,540/t for 316-grade. In the domestic market, 304 scrap stands at INR 114,000/t ($1,368/t), and 316-grade at INR 206,000/t ($2,472/t) ex-Delhi. The stability in scrap market persists due to lack of demand and only mills seem to be procuring scrap. A…