Tag: weak scrap demand

India: Stainless steel scrap prices dip w-o-w as mills halt buying amid weak demand for finished products

Nov 22, 2024

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by

Manya Dewangan

in CRC, Ferro Chrome, Ferro Molybdenum, HRC, Melting Scrap, Nickel, Stainless Steel, Wire Rod

Weak finished demand halts scrap procurement India’s SS scrap imports rise 6% m-o-m in Oct’24 India’s imported and domestic stainless steel scrap prices inched down w-o-w. Despite the stability in LME nickel prices, major mills have halted scrap procurement due to enough inventories and weak demand in the finished steel segment. BigMint’s benchmark assessment for…