Tag: SteelMint
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LME nickel volatility not supporting stainless steel scrap prices in India
Domestic 316 grade stainless steel scrap prices increased by INR 5,000/t ($79/t) today to INR 254,000/t ($3,327/t) but no visible change is seen for 304 grade which stands today INR 179,000/t ($2,345/t). The prices were not aligned with the steep rise in LME futures because of enough scrap availability and lower holding capacity of sellers.…