Tag: scrap rate

Stainless steel prices remained under pressure this week. Domestic 304 grade stainless steel scrap prices ex-Delhi were assessed at INR 133,000/t ($1,628/t), while 304 grade stainless steel HRC prices ex-Mumbai dropped INR 5,000/t ($61/t) to INR 240,000/t ($2,945/t). Nickel prices on the LME corrected around 1.5% compared to last week. LME’s three-month nickel prices are…