Indian SS Market Balances Weak 300-Series Demand with 200-Series Momentum
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstainless_steel_3_0fe3cf3ca5.png&w=1920&q=90)
Stainless steel prices across 200, 300, and 400 series remain mixed, with market sentiment varying by grade. While 300 series demand has softened, 200 and 400 series are performing stronger due to limited imports and improving consumption. Scrap purchase rates remain firm, and shifts in China–India trade flow continue to influence domestic pricing and supply trends.
Key Highlights
- Metal prices stable: Nickel at $14,905/ton and Copper at $10,890/MT.
- Demand divergence: 300 series soft, 400 series improving, 200 series strong.
- Imports down 20%: Reduced Chinese supply boosting domestic material demand.
- Price outlook steady: 300 series expected to remain stable; 400 and 200 series may stay strong.
Stainless Steel, Scrap & Metal Price Movements for Today
- Nickel: $14,905/ton
- Copper: $10,890/MT
- INR Opening: Opened at ₹89.23/USD
Stainless Steel Retail Prices (Delhi)
- 304 CR (Wider 2B): ₹190–195/kg (basic)
- 304 HR (Wider): ₹180–185/kg, ex-Delhi
- 304 Narrow: ₹178–183/kg (cheaper than wider), plus GST
- 316L HR (Imported): ₹330–335/kg (wider): Indian material is costlier by ₹5/kg
- 316L CR (Wider): Rates are ₹5/kg higher than HR
- 201 Imported CR 2B (low thickness, 0.26mm): ₹166–169/kg, ex-Delhi, plus GST
- 201 Domestic (cheapest grade): ₹132–136/kg (base price; thickness difference extra), plus GST
Note: For 1500 mm width, add ₹4/kg to the above rates for N4 finish in 300 series.
Scrap Purchase Prices (Plus GST)
Indian flat stainless steel producers are buying scrap after servicing finished goods at:
- 304: ₹1,27,886/MT
- 316L: ₹2,25,065/MT
- J5 Patta: ₹72,000/MT
- J8 Patta: ₹70,000/MT
- 430: ₹56,317/MT
Demand & Supply: Diverging Demand Trends Across 200, 300 & 400 Series Grades
- 300 series: Demand has softened; however, selective material shortages persist.
- 400 series: Demand is improving.
- 200 series: Demand remains strong due to limited imports.
- No.4 PVC material: Demand continues to rise across both 200 and 300 series, consistent with recent months.
Market News: Export–Import Shifts Reshape Stainless Steel Trade Dynamics
- China’s stainless steel exports increased by 0.04% in Jan–Oct 2025.
- India’s stainless steel imports fell by over 20% in Jan–Oct 2025, driven by a sharp drop in Chinese shipments.
Expert Opinion: 300 Series Stable; 200 & 400 Series Expected to Stay Strong
- 300 series prices are expected to remain stable.
- 400 series prices are likely to stay on the higher side.
- 200 series is expected to perform strongly, though some grades may face material shortages.
SS Cold Rolled Coils
SS Hot Rolled Coils
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstainless_steel_1_49ae5d9709.png&w=750&q=90)
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstainless_steel_6_6b5129eda2.png&w=750&q=90)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fcold_rolled_stainless_steel_coil_59d3a41240.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHRC_b2008dddb0.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252Fhttps%25253A%25252F%25252Fnexizo.ai%25252Fassets%25252Fved.png&w=128&q=75)