Tag: LME nickel prices February 2026

India: Domestic stainless steel scrap prices rise w-o-w despite declining nickel prices

Feb 20, 2026

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by

Manya Dewangan

in Stainless Steel

Higher import offers, rising molybdenum oxide prices lift prices Buyers prefer domestic scrap as stronger dollar lifts import costs India’s stainless steel scrap prices strengthened in the week ended 20 February, even as nickel futures on the London Metal Exchange (LME) declined w-o-w. Higher import offers, currency pressure, and rising alloy costs kept sentiment firm…