Tag: government procurement slowdown
-
India: Stainless steel finished flats, longs prices remain steady w-o-w amid moderate demand
Slowdown in govt procurement weighs on demand Chinese stainless steel prices drop marginally w-o-w India’s stainless steel (SS) finished flats prices remained rangebound w-o-w, while longs prices were stable this week amid persistent weak demand. BigMint’s benchmark assessment for stainless steel 304 series hot-rolled coils (HRCs) hovered at 184,000/tonne (t), while 304L (25-100 mm) black…