Tag: 316 scrap prices
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India: Stainless steel scrap prices rise on tight supply and cautious nickel sentiment
Imported offers strengthen amid global supply tightness Nickel volatility keeps buyers cautious this week India’s stainless steel scrap market remained firm in the week ended 8 May, supported by tightening global availability, stronger import offers, and continued procurement interest from domestic mills. However, market sentiment turned cautious after London Metal Exchange (LME) nickel prices retreated…