Tag: stainless steel scrap market update

In India, stainless steel scrap prices remained stable w-o-w. Domestic SS304 scrap was priced at INR 121,000/t and SS316 at INR 220,000/t, ex-Delhi. Imported SS304 scrap from the Nearshore region was at $1,410/t, and SS316 was at $2,600/t, CFR Mundra. At the time of reporting, LME nickel prices hovered at $16,165/t. Notably, a 50 t…