Daily Market Report

Nickel prices rise by 1.11% to $15,965/mt, while copper sees a 0.99% increase. Stainless steel prices remain steady, with 304 CR at Rs.195-198/kg in Delhi. The demand for stainless steel is improving in the 200 and 400 series, driven by domestic shortages and rising enquiries. Despite challenges like weak global demand and high nickel inventory, local market conditions suggest possible price increases.

Stainless steel prices are showing mixed trends across grades, with 200 series demand surging amid import constraints. Retail prices for key grades like 304 and 316L remain firm, driven by limited supply and strong demand for No.4 PVC materials. Nickel prices have stabilised globally, while copper gains reflect optimism in global growth and China’s import activity.

Nickel opened down at $15,815/mt while Copper also dipped to $9,114/mt. Stainless steel prices remain steady, with 300, 400, and 200 series witnessing improving demand. Experts anticipate price increases for the 300 and 400 series, while 200 series demand is thriving domestically amid import shortages.

Stainless steel prices remain steady, with 200 series demand surging due to import shortages and upbeat domestic activity. The 300 series shows slight demand improvement, while 400 series prices remain elevated due to BIS concerns. Globally, Russia's stainless steel production rose 12% month-on-month, despite a yearly decline. Nickel dipped 0.16% to $15,870/mt, while Copper gained 0.45%.

Nickel prices edged lower as global stainless steel demand improves, driven by growth in 200 and 300 series. Domestic 304 CR wider 2B prices range between Rs. 195-198/kg ex-Delhi, with 316L HR imported material retailing at Rs. 318-322/kg. Experts predict steady or rising prices for all stainless steel series amid strong USD and constrained imports.

Stainless steel prices remain volatile with slight increases in copper. Retail prices for 304 CR 2B range between Rs. 195-198/kg, while 316L HR imported material is retailing at Rs. 318-322/kg. Demand for 200 and 300 series is steady despite a cash crunch, while supply pressures persist in both domestic and imported markets.

Stainless steel market shows slight demand improvement across 300, 400, and 200 series. Nickel and copper prices opened with minor increases. Import shortages in 200 series drive domestic demand, while EU manufacturers face challenges with overflowing quotas and import dependencies. Prices are expected to rise in 300 and 400 series due to high USD and BIS issues.

Nickel and copper prices witnessed minor dips today. Demand for the 200 and 400 series continues to grow, driven by supply shortages and market trends, respectively. Globally, Acerinox increased alloy surcharges for 2025. Experts anticipate rising prices for 300 and 400 series due to USD strength and BIS issues.

Nickel and copper prices decline, but demand for stainless steel remains supported, particularly in the 200 and 400 series. The market sees stability despite challenges, while green hydrogen projects face high costs. Argentina lifts scrap export restrictions, enhancing trade.

Nickel opened at $15,240/mt, while copper increased by 0.19% to $8,894/mt. Stainless steel prices vary, with 304 CR wide at Rs.195-198/kg and SS 316L HR imported at Rs.318-322/kg. Demand rises in SS 200 and 400 series amid supply shifts.

The stainless steel market sees fluctuating prices, with 300 and 400 series demand strengthening. Domestic prices reflect supply constraints. Regulatory updates and infrastructure growth in India are driving demand, while China's tax policy changes may impact imports. Experts predict rising prices across all major series due to economic pressures and limited imports.

Stainless steel prices are rising, driven by higher production costs and increased demand across 200, 300, and 400 series materials. Global producers like POSCO and Outokumpu have raised alloy surcharges, and India’s steel prices are also on the rise. Expert opinion indicates the continuation of upward price trends, influenced by currency fluctuations, economic uncertainties, and trade policies.