Tag: 340 HRC
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India: Stainless steel market sees prolonged downturn
Stainless steel prices remained weak this week. 304 grade stainless steel HRCs prices ex-Mumbai dropped by 4.6% and remained at INR 229,000/t ($2,817/t), while domestic 304 grade stainless steel scrap prices ex-Delhi were assessed at INR 129,000/t ($1,587/t) Nickel prices on the LME appreciated around 4% compared to last week. LME’s three-month nickel prices are…