Tag: China CRC import India

India: Stainless steel prices rise on LME nickel surge but demand remains subdued

May 6, 2026

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by

Manya Dewangan

in Stainless Steel

Nickel-led cost push lifts stainless steel prices Longs trades remain cautious and limited India’s stainless steel finished market moved higher in the week ended 6 May 2026, tracking the rally in London Metal Exchange (LME) nickel, which briefly touched $20,000/t amid Indonesia’s mining quota cuts and the revised HPM pricing mechanism tightening ore supply. Flats…