Tag: India stainless steel prices
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India: Buyers turn cautious as stainless steel scrap prices surge
Prices of domestic stainless steel scrap for grades 304 and 316 increased by INR 6,000/t ($79/t) compared with 1 Mar’22. The indicative offer for stainless steel grade 316 stands at INR 250,000/t ($3,287/t) and INR 179,000/t ($2,354/t) exy-Delhi for grade 304. Nickel prices hitting the highest-ever level in LME triggered the hike although buyers are…