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India: Ended up stainless steel costs secure, scrap prices up

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Market highlights The market has actually reopened after a lengthy break. As a result of the increase in overseas costs, scrap cost deals from Indian mills in the domestic market continued to be on the greater side. Today, 304 scrap trades for European-origin freight were listened to at a price variety of $1,400-$ 1,440. Ended up stainless steel prices in

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Domestic 304 grade stainless steel scrap prices increased to INR 120,000/t ($1,452/t) ex-Delhi today from INR 118,000/t ($1,429/t) last week, as per SteelMint data. The ex-Mumbai price of 304 grade HRC is stable at INR 244,000/t ($2,952/t). Due to po...

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