Home
/
Market Insights
/
News
/
Article

India: Stainless steel market under pressure as price hikes dampen demand

Source: BigMint Apr 24, 2026 10:00

Share this with

Flats remain sluggish despite mill hikes. Longs supported by tight supply conditions

India's finished stainless steel market remained under pressure this week, as successive price hikes weighed on demand and kept transaction volumes subdued. While global markets stayed firm, supported by elevated nickel prices and higher energy costs, domestic sentiment remained cautious with buyers limiting purchases amid uncertain demand visibility. Flats segment

To read the full article take a free 7-day trial to Mysteel Global

To view this content

Free Trial

+65 6939 6700 globalsales@mysteel.com

You May Also Like

WEEKLY: China's NPI prices stay high on cost support

Apr 24, 2026 16:30
GACC: China's chrome ore imports surge 32% YoY in Q1

Apr 22, 2026 16:05
India: Stainless steel market stays firm, longs outperform flats on tighter raw material supply

Apr 17, 2026 09:00
Indonesia Tsingshan sharply hikes stainless quotes on Jakarta's new nickel ore policy

Apr 15, 2026 17:20
WEEKLY: China's NPI prices stable as market deadlock persists

Apr 10, 2026 16:25

Price Curve

Daily Prices

Stainless coil prices: Foshan

Apr 24, 2026 19:02
200-series stainless HRC prices: Foshan

Apr 24, 2026 19:00
Stainless coil prices: Wuxi

Apr 24, 2026 17:15
304/NO.1 stainless HRC prices: China's major cities

Apr 24, 2026 17:15
300-series stainless HRC prices: Wuxi

Apr 24, 2026 17:14

Terms & Conditions Privacy Policy Contact Us Mysteel.com

Mysteel Global WhatsApp business account

Customer Service: globalsales@mysteel.com