{"id":68226,"date":"2026-06-13T10:48:55","date_gmt":"2026-06-13T04:48:55","guid":{"rendered":"https:\/\/biztrend24.com\/?p=68226"},"modified":"2026-06-13T10:48:55","modified_gmt":"2026-06-13T04:48:55","slug":"india-304-grade-scrap-prices-drop-w-o-w-following-volatility-in-lme-nickel-prices-low-demand","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=68226&lang=en","title":{"rendered":"India: 304 grade scrap prices drop w-o-w following volatility in LME nickel prices, low demand"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>304 scrap prices ease amid bearish nickel sentiment<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Import market remains slow as bid-offer gap persists<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>India&#8217;s stainless steel scrap market recorded mixed trends in the week ended 12 June 2026, as participants navigated bearish nickel sentiment, rising freight costs, and ongoing global supply concerns. Buying activity remained largely need-based, with mills and traders adopting a cautious approach amid weak finished stainless steel demand and volatility in LME nickel prices.<\/p>\n<p>A trader source said that mills were hesitant to procure aggressively due to uncertainty in nickel prices and were attempting to secure larger volumes at lower levels. However, the source noted that limited scrap availability and elevated alloy costs could continue to support prices.<\/p>\n<p>Import market remains range-bound:<\/p>\n<p>Despite softer nickel prices, imported 304 stainless steel scrap offers remained firm at $1,550-1,560\/t CFR India, while workable bids were heard lower at $1,520-1,530\/t CFR, highlighting the continued bid-offer disparity. Market participants attributed the slow pace of transactions to higher freight costs and cautious buying sentiment.<\/p>\n<p>Meanwhile, imported 316-grade scrap prices remained elevated amid rising molybdenum costs and tight global availability. BigMint&#8217;s imported 304 stainless steel scrap assessment declined by $20\/t w-o-w to $1,550\/t CFR Nhava Sheva, while imported 316 scrap prices increased by $20\/t to $2,945\/t CFR India.<\/p>\n<p>Domestic 316 scrap extends gains:<\/p>\n<p>According to BigMint&#8217;s assessment, benchmark domestic 304 stainless steel scrap prices decreased by INR 1,000\/t w-o-w to INR 145,000\/t DAP Delhi, tracking weaker nickel sentiment and subdued buying activity.<\/p>\n<p>In contrast, the 316-grade scrap segment continued to strengthen, with prices increasing by INR 1,000\/t to INR 280,000\/t DAP Delhi. The increase was supported by limited spot availability and elevated ferro molybdenum prices, which were assessed at INR 4,117,000\/t exw-India.<\/p>\n<p>Outlook:<\/p>\n<p>India&#8217;s stainless steel scrap market is expected to remain cautious in the near term. While weaker nickel prices may weigh on 304-grade sentiment, tight availability of 316-grade scrap, elevated ferro molybdenum prices, and ongoing global supply concerns are likely to provide support. However, weak finished steel demand and continued need-based procurement may limit significant price movements.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>304 scrap prices ease amid bearish nickel sentiment Import market remains slow as bid-offer gap&#8230;<\/p>\n","protected":false},"author":1,"featured_media":68227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-68226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=1280%2C720&ssl=1?v=1781326126",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?resize=150%2C150&ssl=1?v=1781326126",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=300%2C169&ssl=1?v=1781326126",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=640%2C360&ssl=1?v=1781326126",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=640%2C360&ssl=1?v=1781326126",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=1280%2C720&ssl=1?v=1781326126",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=1280%2C720&ssl=1?v=1781326126",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?resize=1115%2C715&ssl=1?v=1781326126",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?resize=800%2C500&ssl=1?v=1781326126",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=1024%2C576&ssl=1?v=1781326126",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?resize=540%2C340&ssl=1?v=1781326126",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?resize=400%2C250&ssl=1?v=1781326126",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-2-2.jpg?fit=1280%2C720&ssl=1?v=1781326126","jetpack-related-posts":[{"id":46537,"url":"https:\/\/biztrend24.com\/?p=46537&lang=en","url_meta":{"origin":68226,"position":0},"title":"Stainless steel scrap prices fall on weak demand, rising NPI usage, semi-final","author":"Biz Trend 24","date":"November 8, 2025","format":false,"excerpt":"\u2022 Weak buying sentiment puts pressure on scrap prices \u2022 LME nickel prices edge down, stocks still rise Stainless steel scrap prices in India came under pressure this week as buying sentiment in the domestic market remained weak and there was ample scrap availability. In addition, increased use of alternative\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/11\/WhatsApp_Image_2025-11-08_at_10.55.42_e34c0d4a_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1762578632&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/11\/WhatsApp_Image_2025-11-08_at_10.55.42_e34c0d4a_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1762578632&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/11\/WhatsApp_Image_2025-11-08_at_10.55.42_e34c0d4a_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1762578632&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/11\/WhatsApp_Image_2025-11-08_at_10.55.42_e34c0d4a_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1762578632&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/11\/WhatsApp_Image_2025-11-08_at_10.55.42_e34c0d4a_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1762578632&resize=1050%2C600 3x"},"classes":[]},{"id":58943,"url":"https:\/\/biztrend24.com\/?p=58943&lang=en","url_meta":{"origin":68226,"position":1},"title":"India: Stainless steel scrap imports fall 20% m-o-m in Jan&#8217;26 as mills pivot to domestic scrap and semis","author":"Biz Trend 24","date":"March 1, 2026","format":false,"excerpt":"Higher slab inflows from Indonesia reshape raw material mix Domestic scrap undercuts imported material by INR 7,000-8,000\/t Domestic stainless steel production rises 17% m-o-m in Jan'26 Morning Brief:\u00a0India's stainless steel scrap imports declined significantly in January 2026 as compared to December 2025. Total stainless steel scrap imports stood at 94,000\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T122001.499.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T122001.499.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T122001.499.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T122001.499.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-01T122001.499.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59696,"url":"https:\/\/biztrend24.com\/?p=59696&lang=en","url_meta":{"origin":68226,"position":2},"title":"How is the Iran crisis affecting the metals and; energy ecosystems &#8211; A 360-degree view","author":"Biz Trend 24","date":"March 7, 2026","format":false,"excerpt":"Chinese steel exports to ME face serious threat, Indian cargoes stuck The Middle East supplies around 30% of India's aluminium scrap imports How will the ongoing conflict in the Middle East affect the global metals markets? As the US-Israel and Iran war escalates, BigMint presents a lowdown of the impact\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T123930.231.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T123930.231.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T123930.231.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T123930.231.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-07T123930.231.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":59268,"url":"https:\/\/biztrend24.com\/?p=59268&lang=en","url_meta":{"origin":68226,"position":3},"title":"Taiwan: Yusco, Tang Eng lift March stainless steel prices for fourth straight month","author":"Biz Trend 24","date":"March 3, 2026","format":false,"excerpt":"Nickel-led cost push drives synchronized hike Distributors cautious amid rising inventory burden Taiwan's leading stainless steel producers, Yusco and Tang Eng, have raised March shipment prices, marking the fourth consecutive monthly increase since December. The revision reflects sustained alloy cost pressure and firm upstream pricing across Asia. Yusco announced a\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-03T143953.973.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-03T143953.973.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-03T143953.973.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-03T143953.973.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-03T143953.973.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":52588,"url":"https:\/\/biztrend24.com\/?p=52588&lang=en","url_meta":{"origin":68226,"position":4},"title":"South Korea: POSCO freezes stainless steel prices for Jan&#8217;26 amid mixed market cues","author":"Biz Trend 24","date":"January 1, 2026","format":false,"excerpt":"POSCO has decided to keep stainless steel prices unchanged for Jan'26 despite rising raw material costs and firm LME nickel prices hovering above $16,000\/t. The company's decision reflects sluggish domestic demand and a balanced supply-demand outlook. The company will continue monitoring raw material movements, global market developments, currency trends, and\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled_design_-_2026-01-01T162017.620_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1767262888&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled_design_-_2026-01-01T162017.620_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1767262888&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled_design_-_2026-01-01T162017.620_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1767262888&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled_design_-_2026-01-01T162017.620_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1767262888&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled_design_-_2026-01-01T162017.620_1200x630.jpg?fit=1200%2C630&ssl=1%3Fv%3D1767262888&resize=1050%2C600 3x"},"classes":[]},{"id":52435,"url":"https:\/\/biztrend24.com\/?p=52435&lang=en","url_meta":{"origin":68226,"position":5},"title":"India: Leading stainless steel manufacturer hikes coil prices on rising nickel costs","author":"Biz Trend 24","date":"December 30, 2025","format":false,"excerpt":"A leading stainless steel producer announced its second price hike in Dec'25, effective 30 Dec, citing firm cost-side support. The company raised 304\/304L coils by INR 2,000\/t, 316\/316L coils by INR 3,000\/t, JT HR coils by INR 1,000\/t, and JT CR coils by INR 2,000\/t. The revision follows higher international\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T184213.144.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T184213.144.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T184213.144.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T184213.144.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T184213.144.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68226"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68226\/revisions"}],"predecessor-version":[{"id":68228,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/68226\/revisions\/68228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/68227"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}