Tag: imported ferrous scrap India

India: Stainless steel prices witness positive trends w-o-w despite weak demand

Aug 13, 2025

—

by

Manya Dewangan

in Ferro Chrome, Ferro Molybdenum, Ferro Silicon, HRC, Nickel, Stainless Steel

Stainless steel prices rise despite weak demand Market cautious amid BIS norms and US tariffs India’s stainless steel market witnessed upward movement this week despite weak demand and limited trading activity. BigMint’s benchmark assessment for 304-series hot-rolled coils (HRCs) rose by INR 3,000/tonne (t) w-o-w to INR 187,000/t ex-Mumbai. Meanwhile, 304L black round bars (25-100…