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India: Stainless steel prices firm up amid supply squeeze, weak rupee

Source: BigMint Mar 27, 2026 09:00

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Mills raise coil prices for third time in March. Demand remains tepid; buying largely need-based

Indias stainless steel finished prices stayed firm w-o-w on 25 March, supported by supply constraints arising from fuel shortages at key mills. A stronger dollar against the rupee further added pressure, keeping logistics costs elevated. However, domestic demand remained subdued, with transactions largely restricted to need-based procurement. Market participants

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