CCR Wire Rod (Non LME) in Delhi NCR

Stainless steel prices across 200, 300, and 400 series are trending higher due to tightening supply and increased demand, especially in domestic markets. Jindal Stainless Limited raised prices by Rs 3/kg for widths above 1300mm. Meanwhile, scrap buying rates remain high, reflecting bullish sentiment. Price expectations remain firm across all series due to ongoing logistical and regulatory constraints.

The stainless steel market is seeing gradual demand improvements, especially in the 300 and 400 series, but supply issues continue. Prices for 304 CR and 316L HR material are holding steady, with fluctuations in imported and domestic material pricing. Demand in the 200 series has risen significantly due to limited imports.

The stainless steel market continues to show mixed trends across series, with demand improving and imports facing hurdles. Prices remain steady to firm, particularly in the 200 and 300 series, as global nickel prices rise. Domestic supply remains tight, especially for 300 series, pushing prices upward. Additionally, LME nickel has surged over 9% since last week, countering early speculation about price corrections.

Nickel and copper prices opened significantly higher. Stainless steel prices remain steady with a slight upward trend across key grades. The 200 series continues to see strong domestic demand due to limited imports, while global trade moves—like US tariffs and EU dialogues—are reshaping sourcing strategies. Experts expect prices to remain strong, especially for 300 and 400 series grades.

Stainless steel prices remain mostly stable despite rising nickel and copper prices. The 200 series continues to show strong domestic demand due to limited imports, while the 300 and 400 series see a mild pickup in activity. Global market developments—including tariffs, anti-dumping measures, and raw material trade moves—are expected to influence pricing and supply dynamics in the coming weeks.

Stainless steel prices remain stable across grades with mild demand recovery in 300 and 400 series. The 200 series is witnessing strong buying interest driven by limited import availability. Global headwinds like US tariffs, EV-led nickel demand, and recycled metal growth continue to shape market sentiment for 2025.

Nickel prices fell 2.67% while copper saw a minor uptick. Indian stainless steel retail rates remain steady amid cautious demand recovery in 300 and 400 series. Taiwan raised 304 prices, while global trade tensions intensified with China retaliating against U.S. tariffs. Domestic 200 series demand stays strong due to low imports, and experts expect price firmness across grades.

Copper dropped nearly 7%, but Indian stainless steel prices stayed firm. Demand for the 200 series remains strong amid import shortages. New U.S. tariffs may disrupt global trade, though India’s direct impact is minimal. Domestic demand for No.4 PVC finish and rising global nickel control continue to shape the market. Experts anticipate further price resilience in 300 and 400 series.

Nickel and copper prices fell today, while stainless steel prices remained stable. Demand for the 300 and 400 series is improving slightly, while the 200 series remains strong due to limited imports. Global trade policies are impacting supply chains, with the US imposing higher steel tariffs and Vietnam introducing anti-dumping duties. Experts expect the 300 series to rise.