Tag: SS 304 scrap price

India’s imported stainless steel scrap prices decreased by $20/t w-o-w due to lower LME nickel prices. Nearshore imported SS304 was at $1,420/t and SS 316 at $2,630/t, CFR Mundra. LME’s 3-month nickel fell 3% to $16,300/t, while warehouse stocks increased to 101,820 t, the highest since January 2022. Domestic scrap remained steady with the SS304…