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India: Stainless steel market remains steady, 316-series flats inch up amid firm raw material costs

Sep 10, 2025

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by

Kanishka Chhabria

in Stainless Steel

Flats demand improves m-o-m but remains sluggish y-o-y Leading producer reportedly considering another price hike India’s stainless steel finished flats market held mostly steady this week, with 304-series prices unchanged while 316-series tags gained on firm molybdenum costs. BigMint assessed 304-series hot-rolled coils (HRCs) at INR 190,000/t ex-Mumbai, flat w-o-w, while 304L black round bars…