Tag: Alloy cost inflation offsets nickel correction

Bid-offer gap, LME nickel volatility weigh on demand Major coil producer raises prices by up to INR 4,000/t India’s stainless steel prices inched higher w-o-w, supported by rising alloy input costs, particularly ferro molybdenum, even as demand remained sluggish across segments. Trading activity was moderate, with a persistent bid-offer gap and volatile nickel futures limiting…