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OfBusiness Stainless Steel Daily Market Report | 27th May 2024
Stainless Steel
Daily Market Report
27 May

OfBusiness Stainless Steel Daily Market Report | 27th May 2024

LME's Nickel price remains stable at $20,310/ton. SS prices: 304 CR wider 2B at Rs. 200-203/kg, SS 316L at Rs. 320-323/kg, and SS 201 at Rs. 145 - 150/kg. Demand varies across grades, with strong interest in 201 and 304 narrow sizes.
OfBusiness Stainless Steel Daily Market Report | 24th May 2024
Stainless Steel
Daily Market Report
24 May

OfBusiness Stainless Steel Daily Market Report | 24th May 2024

Nickel rose 0.10% to $20,110/ton, and Copper fell 0.01% to $10,417/ton. SS 304 CR wider 2B priced: Rs.200-203/kg; SS 316L HR: Rs.320-323/kg. China's stimulus boosted iron ore to $122/ton. Strong demand in SS 304/316L; weak in ferritic grades.
OfBusiness Stainless Steel Daily Market Report | 23rd May 2024
Stainless Steel
Daily Market Report
23 May

OfBusiness Stainless Steel Daily Market Report | 23rd May 2024

Nickel is down 4.40% at $20,366/ton. SS 304 and 316L is expected to perform well this week, while SS 400 remains weak. SS 200 continues strong due to limited imports. China’s stainless steel imports surged in April.
OfBusiness Stainless Steel Daily Market Report | 22nd May 2024
Stainless Steel
Daily Market Report
22 May

OfBusiness Stainless Steel Daily Market Report | 22nd May 2024

Nickel opened lower today at $21,000/ton. SS 304 CR wider 2B is Rs.200-203/kg, SS 316L at Rs.320-323/kg. Demand is steady for 304 and 316L, strong for SS 200 series. Nickel prices are volatile due to global factors.
OfBusiness Stainless Steel Daily Market Report | 21st May 2024
Stainless Steel
Daily Market Report
21 May

OfBusiness Stainless Steel Daily Market Report | 21st May 2024

LME Nickel at $21,240/ton. SS 304 CR wider 2B is Rs.200-203/kg. SS 316L HR wider is Rs.320-323/kg. Demand is steady for 304 & 316L and good for 201 grades. LME nickel futures surged. Both 304 & 316L are expected to rise.
OfBusiness Stainless Steel Daily Market Report | 20th May 2024
Stainless Steel
Daily Market Report
20 May

OfBusiness Stainless Steel Daily Market Report | 20th May 2024

Nickel rose by 0.76% to $21,260/ton. Retail prices: 304 CR wider 2B at Rs.200-203/kg, SS 316L HR wider at Rs.320-323/kg. Demand steady in 304 & 316L; low in ferritic grades; good in 201. SS 304 & 316L expected to rise.
OfBusiness Stainless Steel Daily Market Report | 18th May 2024
Stainless Steel
Daily Market Report
18 May

OfBusiness Stainless Steel Daily Market Report | 18th May 2024

Nickel closed up by 6.48% at $21,100/ton. Stainless steel grades 304, 316L, and 201 have increased due to rising nickel costs. India's leading producer hiked prices by Rs.2,000-3,000/ton. Further price hikes are anticipated amid strong demand.
OfBusiness Stainless Steel Daily Market Report | 17th May 2024
Stainless Steel
Daily Market Report
17 May

OfBusiness Stainless Steel Daily Market Report | 17th May 2024

LME's Nickel prices up by 0.47% to $20,140/ton. Steel scrap import offers up by 1.52% to $435-438/ton CFR India. SS 304 at Rs.200-203/kg, SS 316L at Rs.320-323/kg. Demand and supply balanced in 304 & 316L. Good demand for 201 grades.
Indian Stainless Steel Prices Record High: Will Renewing BIS License Impact the Industry?

Indian Stainless Steel Prices Record High: Will Renewing BIS License Impact the Industry?

Indian stainless steel prices soar to 6-month highs, with the 300 series at November 2023 levels. Global nickel prices drive the surge, hitting 8-month highs. Rising input costs prompt major producers to hike prices. Renewal of BIS license sparks concerns for imports.
OfBusiness Stainless Steel Daily Market Report | 16th May 2024
Stainless Steel
Daily Market Report
16 May

OfBusiness Stainless Steel Daily Market Report | 16th May 2024

Nickel opened at $19,620/ton, up 0.36%. SS prices: 304 CR wider 2B at Rs. 200-203/kg, SS 316L HR wider Rs. 320-323/kg. JSL's Q4 FY24 sales surged by 23%. China's bonds lift steel market sentiment. 304 and 316L anticipate moderate to robust performance.

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