Tag: India imported stainless steel prices
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India: Stainless steel prices under pressure due to subdued demand
Domestic stainless steel prices in India continued with the declining trend this week too. Prices of 304-grade hot-rolled coils (HRCs) fell by INR 5,000/tonne ($60/t) w-o-w to INR 210,000/t ($2,555/t) exw, while domestic 304-grade scrap prices remained stable w-o-w at INR 128,000/t ($1,548/t) ex-Delhi. The three-month nickel futures on the London Metal Exchange (LME) also…