Tag: HRC market

India: Stainless steel prices hold steady w-o-w despite slide in LME nickel

Sep 4, 2024

—

by

Neha TU

in Nickel, Non Ferrous, Stainless Steel

India’s stainless steel prices, including domestic finished flats, and domestic and imported scrap, maintained stability w-o-w despite declining LME nickel prices. BigMint’s benchmark assessments for stainless steel (304 series) hot-rolled coil (HRC) prices were INR 183,000/tonne (t) ex-Mumbai, while domestic 304-grade scrap was priced at INR 121,000/t ex-works Delhi. LME nickel prices drop as anticipated…