Tag: SS316 price

India’s imported stainless steel scrap prices decreased by $10/t w-o-w due to lower LME nickel prices. Nearshore imported SS304 was at $1,400/t and SS 316 at $2,600/t, CFR Mundra. LME’s 3-month nickel fell 3% to $15,795/t, while warehouse stocks increased to 104,214 t, about 3-year high. Domestic scrap remained steady with the SS304 at INR…