Tag: India: Stainless steel scrap prices fall w-o-w as mills halt buying amid weak demand for finished products

Weak finished demand halts scrap procurement India’s SS scrap imports rise 6% m-o-m in Oct’24 India’s imported and domestic stainless steel scrap prices inched down w-o-w. Despite the stability in LME nickel prices, major mills have halted scrap procurement due to enough inventories and weak demand in the finished steel segment. BigMint’s benchmark assessment for…