India: Major stainless steel manufacturer raises coil prices on global uncertainities
A leading stainless steel coil manufacturer in India has raised prices effective 9 March, citing rising molybdenum costs, nickel price volatility, a strong US dollar, and growing geopolitical tensions impacting energy and gas supply. Revised prices are as follows:
- 304/304L (HR/CR): +INR 7,000/t
- 316/316L (HR/CR): +INR 10,000/t
- JT (HR/CR): +INR 3,500/t
