Tag: India’s Stainless Steel Scrap Price Trend (Aug’23-Mar’24)

Major stainless steel producers are favoring domestic scrap as price volatility, trade disruptions, and logistical challenges are frequently plaguing the imports landscape. Europe’s domestic mills’ buying prices remained relatively higher in the second half of FY’24 which led to lower supply of scrap in the export market. India’s SS production increased over 20% in FY’24,…