Tag: Dollar pressure on scrap prices

304 domestic scrap prices rise INR 1,000/t  LME nickel edges down slightly w-o-w India’s domestic and imported stainless steel (SS) scrap prices inched higher this week, mainly due to the weakening of the Indian rupee against the US dollar. BigMint assessed 304-grade domestic scrap at INR 115,000/t ex-Delhi, up by INR 1,000/t w-o-w, while imported…