Tag: nickel prices impact on steel prices

India’s leading stainless steel coil manufacturer increased tags of its 300 series products, effective 8 Mar’25, following a rise in prices of nickel, a key raw material. This week, LME nickel prices hit $16,000/t, a six-week high. As a result, prices of 304 and 316 HRC and CRC grades were raised by INR 2,000/t ($22/t).