Stainless Steel

Nickel prices fell 1.4% to $17,655/ton, and copper declined 0.96% to $9,698/ton. Retail prices for stainless steel vary, with 304 CR wider 2B priced at Rs.198-201/kg, and 316L HR wider at Rs.320-324/kg. Demand for 304 & 316L is improving, while ferritic grades remain weak. Acerinox plans to sell its Bahru Stainless facility amid competitive pressures, and Brazil reviews anti-dumping duties on stainless steel imports. TotalEnergies considers entering copper trading as demand rises.

Nickel prices opened today at $17,630/ton, up by 0.60%, while copper rose to $9,762/ton. The demand for stainless steel grades 304 and 316L has picked up, particularly in common sizes. Meanwhile, SAIL and BHP have signed an agreement to work on reducing carbon emissions at Indian blast furnaces, as steel production accounts for 10-12% of India’s total emissions.

Nickel prices opened higher at $17,490/ton, while copper opened 0.66% up at $9,739/ton. Stainless steel demand for 304 and 316L grades has improved. Meanwhile, Jindal Stainless has partnered with CJ Darcl to develop lighter, sustainable containers using JT grade stainless steel.

The stainless steel market remains steady, with 304 CR wider 2B priced between Rs 198-201/kg in Delhi, and 316L HR wider ranging from Rs 320-324/kg. The demand for 304 & 316L has improved compared to the previous quarter, while ferritic grades, particularly 400 series, continue to underperform.

Nickel and copper market opened lower today, with prices dropping by 1.17% and 0.83%, respectively. The 304 and 316L grades are expected to continue their good run. Meanwhile, Shyam Metalics has begun producing stainless steel rebars to strengthen coastal infrastructure.

Stainless steel prices are rising, with 304 and 316L grades seeing increased demand. Nickel prices are up 0.48%, and copper prices are up 0.10%. Demand for 201 grades with special finishes is strong due to limited imports. Meanwhile, Taiwanese upstream stainless steel mills raised their prices this week.

Nickel prices opened 0.22% higher at $17,890/ton, with copper also rising 0.39% at $9,905/ton. Domestic demand for 304 and 316L has slightly improved in recent months, especially for CR and HR varieties. Meanwhile, India and the US are expected to sign an agreement on critical minerals.

Nickel prices opened higher today at $18,200/ton, while Copper dropped slightly to $10,054/ton. Meanwhile, China’s nickel production faces disruptions due to ore shortages, causing tighter supply and higher costs.

Nickel and copper prices saw further increases, pushing stainless steel costs higher. The 304 CR wider 2B price in Delhi is around Rs 198-201/kg, while SS 316L ranges from Rs 317-321/kg. Experts predict a stable to strong performance for 304 and 316L, driven by rising raw material costs.