Daily Market Report

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.

Zinc prices remained mixed across global exchanges. LME dipped slightly, while SHFE and MCX posted modest gains. While China’s Q1 growth beat expectations, zinc fundamentals were weighed down by higher refined output. Meanwhile, supply concerns resurfaced due to production cuts at Nyrstar and potential slowdowns elsewhere. Spot premiums stayed elevated, but trading activity slowed as buyers relied on earlier low-price stockpiles.

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.

Nickel and copper prices opened lower today. Domestic stainless steel prices remain stable, with 304 CR wider 2B retailing at Rs 199-200/kg (ex-Delhi), and 316L HR imported material at Rs 320-323/kg. The 200 series is seeing strong demand due to limited imports, while the 300 and 400 series also show signs of improvement. Meanwhile, the US is imposing new import tariffs.

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.