Tag: India: Stainless steel prices dip w-o-w as LME nickel plunges to near 5-year low

India: Stainless steel prices dip w-o-w as LME nickel plunges to near 5-year low

Apr 9, 2025

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by

Manya Dewangan

in CRC, Ferro Chrome, Ferro Molybdenum, HRC, Nickel, Stainless Steel, Wire Rod

Buyers cautious, market sees need-based buying Demand expected to pick up towards April-end Prices of Indian stainless steel (SS) finished products decreased w-o-w, driven by the recent drop in LME nickel prices, which fell to their lowest point in nearly five years. BigMint’s benchmark assessment for stainless steel (304 series) hot-rolled coils (HRCs) stood at…