Tag: stainless steel 316 prices India
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India: Stainless steel prices under pressure; 316-grade gains on molybdenum cost support
Weak downstream demand keeps 304-grade prices under pressure 316 HRC rises INR 5,000/t on tight supplies and higher alloy costs India’s stainless steel finished market remained sluggish during the week ended 15 July, as weak downstream demand continued to outweigh rising raw material costs. Buyers remained cautious, limiting purchases to immediate requirements amid expectations of…