Tag: Diwali demand recovery

India: Stainless steel imported scrap prices inch up w-o-w on firm LME nickel levels

Oct 11, 2024

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by

Neha TU

in CRC, Ferro Chrome, Ferro Manganese, Ferro Molybdenum, HRC, Nickel, Stainless Steel

India’s imported stainless steel scrap prices have risen by up to $15/t w-o-w, supported by stable LME nickel prices. In contrast, domestic stainless steel scrap prices remained unchanged for the week. Overall market activity continued to be sluggish due to the ongoing festive season. BigMint’s benchmark assessments for stainless steel 304-grade scrap prices stood at…