Daily Market Report

Nickel and copper prices declined, while 200 series stainless steel demand surged due to limited imports. The 300 series saw modest improvement despite a cash crunch. Meanwhile, China's dominance in nickel refining and soaring copper imports from Congo reshaped global market dynamics.

Stainless steel prices remain stable, with Nickel and Copper gaining. The 200 series sees strong demand due to import shortages, while the 300 and 400 series show gradual improvement. Experts predict price stability for the 400 series and an upward trend for the 300 series due to currency fluctuations. Meanwhile, Taiwan maintains anti-dumping duties on Chinese and Korean imports.

Stainless steel prices remain stable, with slight demand improvements in the 300 and 400 series. The 200 series sees strong domestic demand due to limited imports. Nickel and copper prices declined. Experts anticipate price increases in the 300 and 200 series amid ongoing market shifts. Meanwhile, new research in Taiwan enhances stainless steel’s hydrogen resistance.

Stainless steel prices remain firm across different series, with the 200 series seeing strong demand due to limited imports. Experts predict that the 300 and 400 series prices will stay elevated, while the 200 series is expected to perform well due to import restrictions. Jindal Stainless anticipates opportunities from new US tariffs but warns of potential dumping risks in India.

Nickel opens lower at $15,430/mt, while Copper rises slightly to $9,496/mt. The INR stands at 86.75/USD. Domestic stainless steel prices remain varied, with 304 CR wider 2B priced at Rs.197-199/kg, and 201 series prices increasing due to import shortages. Demand for 400 and 200 series shows positive growth.

India’s stainless steel market remains stable despite US tariff challenges. Demand for 200, 300, and 400 series varies, while nickel and ferrochrome price fluctuations impact domestic trends. Stay informed on key industry updates and global market shifts.

Stainless steel prices remain stable across key grades, with 200 series demand growing due to import shortages. The 300 series is also showing slight improvement despite cash flow constraints. Nickel prices went down by 0.16% today, while Copper opened up by 0.26%. Globally, China’s stainless steel output fell sharply in January but is expected to rebound in February.

Stainless steel prices remained stable, with 304 CR at Rs.197-199/kg and 316L HR at Rs.318-322/kg. Demand for the 200 series surged due to import shortages, while 300 series saw slight improvement. Experts anticipate price hikes in the 300 and 400 series. Meanwhile, global trade tensions escalated as Brazil prepared countermeasures against US steel tariffs.

Nickel fell 1% to $15,420/MT, while copper declined 0.43%, impacting stainless steel costs. Demand for the 200 series is rising due to import shortages, while 300 and 400 series remain stable. Prices may increase as USD remains high and regulatory constraints tighten supply. Meanwhile, the U.S. imposed 25% tariffs on steel imports, affecting global trade.

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.

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.

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.