Tag: Impact of LME nickel on Indian stainless steel

Rising ferro alloy costs support prices as LME nickel futures fall  Trade deals with US, EU foster optimism in pipes, tubes sector India’s stainless steel prices remained largely stable w-o-w on 4 February 2026 due to limited buying interest and heightened volatility in nickel prices. The appreciation of the Indian rupee further weighed on sentiment,…