Tag: India: Imported stainless steel scrap prices edge down amid 5% drop in LME nickel

Offers still high for most buyers Demand from Europe slows down India’s imported stainless steel scrap prices dropped by up to $15/tonne (t) w-o-w, driven by a decline in LME nickel prices and weak buying interest. In contrast, domestic stainless steel scrap prices remained unchanged for the week. Overall market activity continued to be sluggish…