Tag: supply-demand imbalance

India’s stainless steel prices, including domestic finished flats and scrap, remained stable w-o-w, supported by recent festivities, despite a slight increase in LME nickel prices. Additionally, imported scrap prices rose slightly due to limited availability. BigMint’s benchmark assessments for stainless steel (304 series) hot-rolled coil (HRC) prices stood at INR 182,000/tonne (t) ex-Mumbai, while domestic…