{"id":70840,"date":"2026-07-06T16:41:02","date_gmt":"2026-07-06T10:41:02","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70840"},"modified":"2026-07-06T16:41:02","modified_gmt":"2026-07-06T10:41:02","slug":"india-major-stainless-steel-producer-cuts-coil-prices-as-weak-demand-lower-nickel-costs-weigh-on-market","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70840&lang=en","title":{"rendered":"India: Major stainless steel producer cuts coil prices as weak demand, lower nickel costs weigh on market"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>304 HR and CR coil prices reduced by INR 5,000\/t<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>BIS relaxation expected to support stainless steel imports<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>A leading Indian stainless steel producer has reduced domestic prices of hot-rolled (HR) and cold-rolled (CR) stainless steel coils, effective 6 July, marking its first price revision of the month. The move reflects weak downstream demand during the monsoon season, falling raw material costs, and easing supply concerns following the government&#8217;s extension of the Bureau of Indian Standards (BIS) certification exemption for select stainless steel products.<\/p>\n<p>Under the latest revision, prices of 304\/304L HR and CR coils have been reduced by INR 5,000\/t, while 316\/316L HR and CR coil prices have been cut by INR 7,000\/t. Prices of 430-grade HR and CR coils have declined by INR 3,000\/t, whereas 200-series stainless steel prices remain unchanged.<\/p>\n<p>Market participants said buying activity has remained subdued, with distributors and downstream consumers limiting procurement to immediate requirements amid seasonally weak demand. In an effort to stimulate sales, mills are also offering additional discounts on bulk purchases over and above the revised list prices, reflecting intensifying competition for available orders.<\/p>\n<p>The price correction also follows the government&#8217;s decision to extend the exemption from mandatory BIS certification for select stainless steel products until 31 March 2027. The relaxation is expected to improve import availability, with Chinese suppliers likely to accelerate shipments of eligible hot-rolled stainless steel products before the revised compliance deadline. Improved import prospects are expected to enhance domestic supply and intensify competition in the coming months.<\/p>\n<p>On the raw material front, lower nickel prices have reduced cost support for stainless steel producers. Benchmark London Metal Exchange (LME) nickel prices declined by around 6% m-o-m in June, falling from nearly $19,000\/t to around $16,400\/t. The decline was driven by easing concerns over Indonesia&#8217;s nickel ore supply following expectations of additional RKAB approvals, alongside elevated global exchange inventories.<\/p>\n<p>Market participants expect stainless steel prices to remain under pressure through the monsoon period unless downstream demand improves or raw material costs recover. Procurement is likely to remain largely need-based, while mills may continue using promotional discounts to support order volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>304 HR and CR coil prices reduced by INR 5,000\/t BIS relaxation expected to support&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-70840","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\/07\/Untitled-design-86-2.jpg?fit=1280%2C720&ssl=1?v=1783334457",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?resize=150%2C150&ssl=1?v=1783334457",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=300%2C169&ssl=1?v=1783334457",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=640%2C360&ssl=1?v=1783334457",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=640%2C360&ssl=1?v=1783334457",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=1280%2C720&ssl=1?v=1783334457",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=1280%2C720&ssl=1?v=1783334457",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?resize=1115%2C715&ssl=1?v=1783334457",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?resize=800%2C500&ssl=1?v=1783334457",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?fit=1024%2C576&ssl=1?v=1783334457",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?resize=540%2C340&ssl=1?v=1783334457",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-86-2.jpg?resize=400%2C250&ssl=1?v=1783334457",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\/07\/Untitled-design-86-2.jpg?fit=1280%2C720&ssl=1?v=1783334457","jetpack-related-posts":[{"id":52435,"url":"https:\/\/biztrend24.com\/?p=52435&lang=en","url_meta":{"origin":70840,"position":0},"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":[]},{"id":61312,"url":"https:\/\/biztrend24.com\/?p=61312&lang=en","url_meta":{"origin":70840,"position":1},"title":"India: Stainless steel coil prices rise amid cost pressures, supply disruptions","author":"Biz Trend 24","date":"March 25, 2026","format":false,"excerpt":"One of India's leading stainless steel producers has announced a fresh price increase for flat products, effective 25 March, marking the third hike in the month. Prices for 304 (HR & CR), 316\/316L (HR & CR), 202 (HR & CR), and 400 (HR & CR) coils have been raised by\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-45.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-45.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-45.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-45.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-45.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":60192,"url":"https:\/\/biztrend24.com\/?p=60192&lang=en","url_meta":{"origin":70840,"position":2},"title":"India: Major stainless steel manufacturer raises coil prices on global uncertainities","author":"Biz Trend 24","date":"March 10, 2026","format":false,"excerpt":"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\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-2026-03-10T121808.946.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-2026-03-10T121808.946.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121808.946.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121808.946.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-2026-03-10T121808.946.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":57271,"url":"https:\/\/biztrend24.com\/?p=57271&lang=en","url_meta":{"origin":70840,"position":3},"title":"India: Major stainless steel manufacturer raises coil prices on raw material volatility","author":"Biz Trend 24","date":"February 16, 2026","format":false,"excerpt":"India's leading stainless steel coil manufacturer has announced a price increase, effective 15 Feb, driven by global cost pressures, rising molybdenum prices, and nickel price volatility. Revised prices are as follows: 304 grade coils: +INR 2,000\/t 316 grade coils: +INR 4,000\/t 400 series grade coils: + INR 3000\/t JT coils:\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\/02\/Untitled-design-2026-02-16T173054.109.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-16T173054.109.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-16T173054.109.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-16T173054.109.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-16T173054.109.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":61151,"url":"https:\/\/biztrend24.com\/?p=61151&lang=en","url_meta":{"origin":70840,"position":4},"title":"India steel index rises w-o-w as West Asia conflict triggers restocking in domestic markets","author":"Biz Trend 24","date":"March 24, 2026","format":false,"excerpt":"Mills hike HRC prices on strong restocking demand amid Iran conflict Primary TMT prices hiked but IF-rebar prices soften in key markets Steel prices to stay rangebound if Gulf cargo movements normalise Morning Brief:\u00a0BigMint's India steel composite index, which mirrors price movements in the domestic market, continued to rise w-o-w\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-11.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-11.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-11.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-11.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-11.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":61295,"url":"https:\/\/biztrend24.com\/?p=61295&lang=en","url_meta":{"origin":70840,"position":5},"title":"India: HRC, CRC prices rise; further upside expected","author":"Biz Trend 24","date":"March 25, 2026","format":false,"excerpt":"Demand remains largely need-based across segments Trading activity stays limited despite price rise Indian steelmakers have increased list prices of hot-rolled coils (HRCs) by INR 750-1,500\/t ($8-16\/t) for late April 2026 sales. List prices of HRCs (2.5-8 mm, IS2062, Gr E250 Br) were reported in the range of INR 54,750-58,500\/t\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-37.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-37.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/03\/Untitled-design-37.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\/70840","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=70840"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70840\/revisions"}],"predecessor-version":[{"id":70842,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70840\/revisions\/70842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/70841"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}