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India: Stainless steel prices rise further on alloy cost pressure

Source: BigMint May 15, 2026 09:00

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316 series gains sharply amid molybdenum shortage. Buyers remain cautious despite firm market sentiment

India's stainless steel finished market remained elevated in the week ended 13 May 2026, supported by rising nickel and ferro molybdenum prices, while buying activity continued on a requirement basis amid persistent cost pressure. Market participants noted that ferro molybdenum prices have climbed to the highest levels since March 2023

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