Non Ferrous

Stainless steel prices remain stable, with Nickel and Copper gaining. The 200 series sees strong demand due to import shortages, while the 300 and 400 series show gradual improvement. Experts predict price stability for the 400 series and an upward trend for the 300 series due to currency fluctuations. Meanwhile, Taiwan maintains anti-dumping duties on Chinese and Korean imports.

Stainless steel prices remain stable, with slight demand improvements in the 300 and 400 series. The 200 series sees strong domestic demand due to limited imports. Nickel and copper prices declined. Experts anticipate price increases in the 300 and 200 series amid ongoing market shifts. Meanwhile, new research in Taiwan enhances stainless steel’s hydrogen resistance.

Zinc prices saw modest gains as a weaker US dollar and short covering provided support. However, rising inventories and declining global production continue to weigh on the market. Supply concerns persist, with China’s refined zinc output dropping and major mines planning cuts. Market sentiment remains cautious, with technical levels indicating potential resistance and downside risks.

Stainless steel prices remain firm across different series, with the 200 series seeing strong demand due to limited imports. Experts predict that the 300 and 400 series prices will stay elevated, while the 200 series is expected to perform well due to import restrictions. Jindal Stainless anticipates opportunities from new US tariffs but warns of potential dumping risks in India.

India’s stainless steel market remains stable despite US tariff challenges. Demand for 200, 300, and 400 series varies, while nickel and ferrochrome price fluctuations impact domestic trends. Stay informed on key industry updates and global market shifts.

Aluminum prices saw a slight decline as global production increased, particularly in China. While domestic production is expected to rise gradually in February, profitability concerns persist for Chinese smelters. The market is also reacting to growing Russian aluminum stocks in LME warehouses and potential EU sanctions. Experts suggest the market is undergoing structural adjustments.

Stainless steel prices remained stable, with 304 CR at Rs.197-199/kg and 316L HR at Rs.318-322/kg. Demand for the 200 series surged due to import shortages, while 300 series saw slight improvement. Experts anticipate price hikes in the 300 and 400 series. Meanwhile, global trade tensions escalated as Brazil prepared countermeasures against US steel tariffs.

LME zinc increased 0.42% to $2,854/mt, while SHFE zinc dipped slightly amid rising inventories. MCX zinc dropped 0.02% as stocks surged 81.8% since January 24. The global zinc market saw a 52,900-mt deficit in November, down from October. Experts see support at Rs 269.1 and resistance at Rs 271.9. Meanwhile, Trump announced 25% tariffs on all steel and aluminium imports, adding uncertainty to metals markets.

Nickel fell 1% to $15,420/MT, while copper declined 0.43%, impacting stainless steel costs. Demand for the 200 series is rising due to import shortages, while 300 and 400 series remain stable. Prices may increase as USD remains high and regulatory constraints tighten supply. Meanwhile, the U.S. imposed 25% tariffs on steel imports, affecting global trade.