Tag: post diwali market slowdown

India: Stainless steel market remains subdued after Diwali holidays

Oct 29, 2025

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by

Manya Dewangan

in Ferro Chrome, Ferro Molybdenum, Ferro Silicon, Nickel, Stainless Steel, Wire Rod

Finished longs demand remains weak amid limited trading Chinese supplies limited due to BIS certification constraints India’s stainless steel market witnessed a downtrend this week post Diwali holidays as the market has still not picked up tempo. BigMint’s weekly assessments for 304-series hot rolled coils (HRCs) dropped by INR 4,000/t to INR 186,000/t ex-Mumbai and…