Tag: USD

India’s stainless steel scrap prices stable w-o-w amid drop in LME Ni, weak demand

Jun 7, 2024

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by

Neha TU

in Stainless Steel

India’s domestic and imported scrap prices remained stable despite a slight drop in LME Ni and subdued demand. SS 304 scrap was at INR 122,000/t, and SS 316 scrap was at INR 215,000/t, ex-Delhi. Imported scrap prices were $1,460/t for 304-grade and $2,660/t for 316-grade, CFR Mundra. Buyers were hesitant despite minor drop in import…