Copper Wire Rod
Copper wire rods are semi-finished products made from copper, used as a key raw material in the manufacturing of electrical wires, cables, and various electrica...

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Stainless Steel Prices Firm as 200 Series Demand Surges; Nickel Dips, Copper Steady
Nickel prices dipped 0.22% to $15,705/mt, while copper remained steady at $9,409/mt. Stainless steel prices remain firm, with 304 CR at Rs 197-199/kg (ex-Delhi) and SS 316L HR at Rs 318-322/kg. Demand for the 200 series is rising due to limited imports, while 300 and 400 series show gradual improvement. Experts expect 300 and 400 series prices to stay strong.
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Nickel Slips, Copper Climbs as Stainless Steel Prices Hold Steady
Nickel prices fell by 0.38% to $15,815/mt, while copper saw a 1.23% increase, opening at $9,391/mt today. Stainless steel prices remain steady, with 304 CR wider 2B at Rs.197-199/kg, while SS 316L HR is priced between Rs.318-322/kg. Demand for 200 series remains strong due to limited imports, while the 300 and 400 series show marginal improvements.
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Nickel Jumps 0.77%, Stainless Steel Prices Hold Firm Amid Strong Demand
Nickel and copper opened higher today, driving positive sentiment in the stainless steel market. The 200-series continues to see strong demand due to limited imports, while the 300 and 400 series show steady growth. With a high USD, stainless steel prices, particularly in the 300-series, are expected to rise. Meanwhile, Maharashtra signed a major INR 12,000 crore deal for a new stainless steel plant.
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