Tag: India: Imported stainless steel scrap prices up w-o-w as LME nickel gains post-US election

Rising LME levels balance out weak domestic demand Trades slow post-Diwali; pick-up expected in mid-Nov India’s imported stainless steel scrap prices increased by up to $40/tonne (t) w-o-w, influenced by a rise in London Metal Exchange (LME) nickel prices, which offset potential declines stemming from weak buying interest and subdued market sentiments. In contrast, domestic…