Tag: stainless steel NPI
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India: Stainless steel scrap prices diverge as nickel weakens, buyers seek alternatives
304 scrap prices fall INR 1,000/t w-o-w Tight 316 availability supports domestic prices India’s stainless steel scrap market saw divergent price movements during the week ended 1 October 2026, with 304-grade prices correcting while 316 prices remained firm. Softer LME nickel prices and cautious buying weighed on 304, while tight 316 availability limited downside. Mills…