Tag: NSSC price reduction

India: Stainless steel flats prices decline by up to INR 4,000/t on weak demand, falling LME nickel

Oct 16, 2024

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by

Neha TU

in CRC, Ferro Chrome, Ferro Molybdenum, HRC, Nickel, Stainless Steel

India’s stainless steel finished flat prices have slid by up to INR 4,000/t primarily driven by weak demand and decline in LME nickel price levels. Meanwhile, transactional activities were at low to moderate levels. BigMint’s benchmark assessments for stainless steel (304 series) HRC prices stood at INR 182,000/t ex-Mumbai. LME nickel price trend At the…