Tag: India: Stainless steel scrap prices fall w-o-w despite rise in LME nickel levels

Demand for finished goods weak post-New Year Indonesia proposes 40% cut in nickel mine quotas India’s domestic and imported stainless steel (SS) scrap prices declined w-o-w due to subdued demand for finished goods following the New Year holidays. Despite a 3% w-o-w rise in London Metal Exchange (LME) nickel prices, the SS scrap market weakened,…