Tag: Indian stainless steel market
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India: Stainless steel scrap prices remain firm on high raw material costs
Nickel-led cost pressure supports scrap prices Selective buying persists amid volatility India’s stainless steel market traded on the higher side week-on-week in the period ended 30 January, supported by firmer mill sentiment and elevated raw material costs, particularly nickel. However, buying activity remained selective as price volatility and widening bid-offer gaps, especially in the imported…