Stainless Steel Market Update: 304, 316L, and 201 Prices Hold Firm Across Delhi

Key Highlights

• 304 CR wider priced at ₹196–200/kg; 316L HR at ₹350/kg.
• Scrap buying prices: 304 at ₹1,27,886/MT; 316L at ₹2,25,065/MT.
• Demand steady in 200 & 400 series; sluggish in 300 series.
• JSL hiked prices by ₹3–8/kg across all grades on 3rd Sept.

Stainless Steel Prices

• 304 CR wider 2B: ₹196–200/kg (ex-Delhi, basic price). Narrow material trades ₹8–10/kg cheaper.
• 316L HR imported: ₹350/kg (HR wider). Indian material is ₹5/kg higher.
• 316L CR wider: ₹5/kg higher than HR.
• 201 imported CR 2B (0.26 mm): ₹166–169/kg, ex-Delhi.
• Domestic 201 (cheapest grade): ₹142–146/kg base price (plus thickness differential).
• For 1500 width, No.4 finish in 300 series: add ₹4/kg.

Scrap Prices (plus GST)

• 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 Divergence: 300 Series Sluggish, 200 & 400 Series Strong

• 300 series demand remains weak, though occasional shortages exist.
• 400 series demand is increasing steadily.
• 200 series demand is upbeat, supported by limited imports.
• No.4 PVC material demand continues to rise across both 200 and 300 series.

News: JSL Hikes Prices by ₹3–8/kg Across All Major Grades

• 304/304L: +₹5/kg
• 316L: +₹8/kg
• 200 series: +₹4/kg
• 400 series: +₹3/kg
  (Effective 3rd September 2025)

Expert Opinion

• 300 series: Prices expected to remain stable.
• 400 series: Prices likely to stay firm.
• 200 series: Strong performance expected in the domestic market.