Tag: imported stainless scrap
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India: Stainless steel scrap prices remain stable w-o-w
India’s stainless steel prices remained stable w-o-w amid tepid demand for finished products, which has led to liquidity constraints across markets. Domestic 304-grade scrap prices stood at INR 113,500/t ex-Delhi, range-bound w-o-w, while imported material of the same grade remained stable at $1,310/t CFR Mundra. LME nickel prices stood at $15,650/t, range-bound w-o-w.