Tag: Diwali recovery
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India: Imported stainless steel scrap prices slide further ahead of Diwali on falling LME nickel
Imported SS scrap prices drop ahead of Diwali 3-month LME nickel prices drop 5% EU, Asian producers substituting scrap with NPI India’s imported stainless steel scrap prices have decreased by up to $40/t w-o-w influenced by falling LME nickel prices and a slowdown in demand. In contrast, domestic stainless steel scrap prices have remained stable…