India: Stainless steel scrap prices remain steady w-o-w as holiday mood grips market

India's stainless steel scrap prices remained unchanged this week on weak demand and limited buying activity. Domestic stainless steel 304-grade scrap stood at INR 119,500/t ex-Delhi, while the imported variant of the same, originating from the nearshore region, was assessed at $1,370/t CFR Mundra, as per BigMint. At the time of reporting, LME nickel prices were at $15,250/t, with stocks of 162,048 t.