Tag: Indian stainless steel scrap market

Imported 304 scrap falls by $20/t w-o-w to $1,500/t CFR Mundra Tight availability supports 316 scrap despite broader market weakness India’s stainless steel scrap market remained under pressure in the week ended 16 October 2026, as falling London Metal Exchange (LME) nickel prices, subdued finished steel demand and cautious mill procurement weighed on sentiment. The…