Tag: India: Imported and domestic stainless steel scrap markets remain stable; LME nickel tags fall w-o-w

Cautious optimism ahead of Budget LME nickel prices fall by 2% India’s domestic stainless steel (SS) scrap prices remained stable w-o-w, while imported SS scrap prices dropped w-o-w due to declining LME nickel tags. Scrap buying stayed low due to weak demand and elevated inventories in the finished SS market. As per BigMint’s assessment, domestic…