Tag: 316 scrap rate

India’s stainless steel prices decline as LME nickel prices fall and Fiscal year closes

Mar 27, 2024

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by

Neha TU

in Stainless Steel

BigMint’s assessment revealed that prices of imported 304 scrap have seen a correction by $10/tonne (t) and are currently hovering at around $1,360/t. In the finish segment, prices have seen a drop compared to the previous week. BigMint’s assessment for 304 HRC stood at INR 173,000/t, and the price of domestic 304-grade scrap is at…