Tag: India: Stainless steel scrap prices fall w-o-w on subdued demand and rising usage of NPI and semis

Scrap prices pressured by weak buying sentiment LME nickel prices drop slightly, inventories still elevated India’s stainless steel scrap prices continued to face pressure this week due to weak buying interest and ample scrap availability in the domestic market. Additionally, increased usage of alternative raw materials such as nickel pig iron (NPI) as well as…