Aluminium Foil
Aluminium foil is widely used in packaging, insulation, cooking, and industrial applications. It is a thin, flexible sheet of aluminium metal. It is known for i...
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Stainless Steel Prices Hold Firm as Nickel, Copper Show Mixed Trends
Stainless steel prices remain steady, with 200-series demand surging due to limited imports. Nickel and copper prices showed mixed trends, influencing global market movements. India’s stainless steel sector is witnessing higher demand in the 300 and 400 series, albeit with cash flow constraints. Walsin Lihwa raised wire rod prices for the third month, citing rising costs.
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Nickel and Copper Prices Rise as Stainless Steel Market Remains Strong
The stainless steel market remains firm with rising nickel and copper prices, as well as supply constraints in the 200 series. Nickel opened up 1.41% at $16,170/mt, while copper gained 0.54%. Domestic and imported stainless steel prices are steady, with limited imports keeping the 200 series demand high.
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Stainless Steel Prices Firm as Import Constraints Drive Demand
The stainless steel market continues to see price fluctuations driven by import constraints, currency movements, and global trends. Nickel prices remained steady at $16,400/mt, while copper saw a slight dip. T Prices for 304 CR, 316L HR, and 201 CR remain firm, with domestic materials priced higher than imports. Demand in the 200 series is strengthening due to limited availability, while 400 series demand is rising amid BIS-related constraints.
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Nickel Up, Copper Down; Rising Demand and Limited Supply Impacting Stainless Steel Prices
Stainless steel prices remain firm, with nickel opening 0.71% higher at $16,350/mt and the INR strengthening to 85.67/USD. The 300-series demand is seeing marginal improvement despite cash constraints, while the 400-series continues its upward trend. The 200-series is benefiting from a shortage of imports, further driving domestic demand. Industry experts anticipate price increases in the 300 and 400 series.
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Stainless Steel Prices Stay High as Currency and Trade Policies Shape Market Trends
Stainless steel prices remain firm as demand patterns shift. The 200 series continues to see strong domestic demand due to import shortages, while the 300 and 400 series show gradual improvement. China’s stainless steel imports dropped by 29.3% YoY, while exports went up. Experts anticipate price firmness across all series, with the USD exchange rate and regulatory factors playing key roles.
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India’s Stainless Steel Market Sees Rising Demand Across All Series
Stainless steel prices remain firm, with the 200 series seeing rising demand due to limited imports. Taiwan’s stainless steel prices are set for a sharp April increase following Indonesia Tsingshan’s price hike. Meanwhile, copper prices approach record highs due to U.S. trade concerns. Experts anticipate price firmness across all stainless steel series due to market and regulatory factors.
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Stainless Steel Market Shows Mixed Trends, 200 Series Demand Remains Strong
Stainless steel prices remain mixed in India as 200 series demand surges amid an import shortage. 300 series prices may rise due to a strong USD, while 400 series remains firm on BIS-related issues.
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Aluminium Prices Open Lower; India Imposes Anti-Dumping Duties on Aluminium Imports
Aluminium prices opened lower on LME, SHFE, and MCX, reflecting minor corrections. China’s February output dropped month-on-month but grew year-on-year. India imposed anti-dumping duties on aluminium foil and other products to curb cheap imports from China. Global primary aluminium production increased 2.7% in January, signalling a stable supply outlook.
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Stainless Steel Prices Show Strength as Global Demand Rises
Stainless steel prices remain stable with slight upward movement, driven by global supply constraints and rising raw material costs. Nickel prices continue to fluctuate due to Indonesian tax policies and adverse weather conditions. The 200 series sees strong domestic demand due to limited imports, while the 300 and 400 series are witnessing moderate growth despite cash flow constraints.
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