Tag: stainless steel market India

India: Stainless steel scrap prices drop w-o-w amid sharp nickel decline

Jul 3, 2026

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by

Manya Dewangan

in Stainless Steel

Buyers limit procurement amid sharp correction in LME nickel China scrap prices soften on weak futures and soft demand India’s stainless steel scrap market remained under pressure in the week ended 3 July 2026, as weak finished steel demand and a sharp correction in LME nickel prices dampened buying sentiment. LME three-month nickel prices fell…