Tag: outlook on stainless steel prices

India’s stainless steel hot-rolled coil (HRC) prices rose w-o-w, following an INR 3,000/tonne (t) hike by major coil manufacturers, the first price hike in October 2024. In contrast, cold-rolled coil (CRC) prices remained stable. However, market demand was relatively weak, and transactional activities were low to moderate. BigMint’s benchmark assessments for stainless steel (304 series)…