Daily Market Report

Stainless steel prices remained largely stable across markets, with the 200 series outperforming due to limited imports. The 300 series witnessed mild weakness, while the 400 series gained strength on firm domestic demand. Jindal Stainless’ recent price cut and global import decline have added mixed cues to near-term sentiment.

Nickel prices stood at $15,250/ton, while Copper was priced at $10,891/MT. The INR opened at 88.79 against the USD. The current retaail price for 304 CR wider 2B is approximately ₹200–205/kg (basic), and HR around ₹194–197/kg (ex-Delhi). Narrow coils are about ₹8–10/kg cheaper, plus GST. SS 316L HR (imported) material is being retailed around ₹350/kg for HR wider, while Indian material is ₹5/kg costlier.

The stainless steel market is showing mixed trends across different series. While 300 series demand has softened, the 200 and 400 series continue to experience strong interest, partly driven by limited imports and rising domestic demand. European regulatory changes—especially import quota cuts and tariffs—are expected to influence market dynamics. Prices for most grades remain stable to firm, with specific series seeing upward pressure due to supply constraints.

Stainless steel HRC and CRC prices remained steady across Delhi, Mumbai, and Kanpur, supported by firm realizations despite minor volume drops. Jindal Stainless expanded fabrication capacity in Mumbai, signaling confidence in infrastructure-led demand growth. Shyam Metalics reported lower sales but higher realizations, indicating stable pricing strength amid short-term supply pressure.

The stainless steel trade shows mixed signals. Nickel hovers at $15,325/t and copper at $9,964/t, while 304 CR wider 2B retails near ₹200–205/kg. Domestic demand is soft in the 300 series but stronger in the 200 and 400 series. Global tariffs are prompting order delays, and EU import-control measures may tighten in October.

Indian stainless steel prices stayed mixed as nickel traded at $15,425/ton and copper at $10,150/MT. Domestic 300 series demand softened, 400 series firmed, and 200 series remained robust. Global sentiment is weak on EU trade risks, while India’s steel index hit a five-year low despite steady iron-ore production growth.

Stainless steel prices remain mixed across grades. 304 CR wider trades at ₹196–200/kg, while 316L HR stands at ₹350/kg. Demand is weak in the 300 series but firm in the 200 and 400 series, supported by shortages and rising PVC No.4 material demand. JSL has announced fresh price hikes.

Indian stainless steel prices held steady with the 300 series showing stability, while 200 series demand remained upbeat on tight imports. The 400 series also stayed firm with rising demand. Scrap purchase costs supported current levels, and No.4 PVC finish demand continued to strengthen across both 200 and 300 series.

Nickel is trading at $14,915/ton and copper at $9,714.5/MT, with INR at 87.44/USD. Stainless steel prices remain steady across grades, while scrap prices show firm levels. Demand is weak in the 300 series but strong in the 200 and 400 series. JSL recently raised prices by ₹5–12/kg.

Nickel and copper prices remain stable, while stainless steel retail prices show mixed trends across grades. Demand is strong in the 200 and 400 series, with slight weakness in the 300 series. The industry is pushing for anti-dumping duties on cheap imports, as prices are expected to remain steady to firm across segments.

Stainless steel prices remain stable in the 300 series, while the 200 and 400 series are witnessing strength due to limited imports and rising demand. Nickel is trading at $15,269/ton and copper at $9,793/ton. Scrap procurement remains active. Jindal Stainless has entered a strategic partnership with Gati Shakti Vishwavidyalaya to promote research and academic collaboration in steel applications.

Stainless steel prices remain stable in India, with a mixed demand outlook across different series. The 200 series sees strong demand due to limited imports, while the 300 series experiences weak demand but some supply shortages. Japan’s anti-dumping probe against China and Taiwan may further influence global pricing sentiment.