Tag: Imported scrap prices in India

India: Stainless steel scrap prices shoot up on rising overseas bids; finished prices stable

Nov 16, 2022

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by

Jayprakash Sahu

in Stainless Steel

Domestic 304 grade stainless steel scrap prices surged to INR 128,000/t ($1,583/t) ex-Delhi today from INR 124,000/t ($1,533/t) last week, as per SteelMint data. Prices were heard to have gained support due to the surge in overseas bids. Sellers are quoting higher prices due to a surge in LME nickel prices and scrap scarcity in…