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India's stainless steel market sluggish even as imports resume after BIS relaxation

Source: BigMint Nov 07, 2025 08:30

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Leading coil producer cuts 300-series prices for November. 304-series HRC drops w-o-w

The domestic stainless steel market remained subdued this week amid continued weak demand in the finished segment. Additionally, India's leading stainless steel coil manufacturer reduced prices of its 300-series products, effective 3 November. The adjustment follows a temporary relaxation on imports, allowing the use of non-BIS-compliant material until 31 December.

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