Tag: domestic stainless steel scrap prices remain steady w-o-w amid need-based buying

India’s stainless steel scrap prices remained largely stable w-o-w, with minor fluctuations. Market activity was low to moderate, driven by need-based buying. Domestic 304-grade scrap stood at INR 115,000/t ($1,316/t) ex-Delhi, while imported material was at $1,260/t CFR Mundra. Three-month LME nickel prices were range-bound at $15,635/t. Looking ahead, prices are expected to stay stable,…