Tag: LME nickel price drop

India: Stainless steel imported and domestic scrap prices inch up w-o-w

May 30, 2025

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by

Manya Dewangan

in Stainless Steel

India’s stainless steel scrap prices inched up slightly w-o-w despite a decline in LME nickel tags. LME nickel prices stood at $15,370/t, dropping by 1% w-o-w. Domestic 304-grade scrap prices stood at INR 114,000/t ($1,332/t) ex-Delhi, up INR 500/t w-o-w, while imported material of the same grade stood at $1,320/t CFR Mundra.