Tag: domestic scrap sourcing

India: Stainless steel scrap prices remain stable w-o-w

Sep 6, 2024

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by

Neha TU

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

India’s domestic and imported stainless steel scrap prices remained stable w-o-w despite a drop in LME nickel. SS304 scrap prices stood at INR 121,000/t, and SS316 at INR 220,000/t in Delhi. In the imported segment, SS304 prices stood at $1,450/t, and SS316 at $2,650/t CFR Mundra. Inquiries for imported scrap have decreased, and most mills…