Tag: India’s stainless steel scrap

India’s stainless steel scrap prices remained stable despite a decline in LME nickel prices. Domestic SS 304 scrap held at INR 121,000/t, and SS 316 scrap at INR 215,000/t, ex-Delhi. Imported scrap prices stood at $1,440/t for 304-grade and $2,660/t for 316-grade, CFR Mundra. However, mill buying activity for imported 304 scrap has slowed, anticipating…