Tag: 316 scrap price
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India: Stainless steel market remains subdued
Stainless steel prices in India remained stable this week. 304 grade stainless steel hot-rolled coil (HRC) prices ex-Mumbai stood at INR 230,000/t ($2,783/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 2.5% from the previous day. LME three-month…