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India: Stainless steel market see mixed trends; 316 rises on firm Molybdenum costs

Source: BigMint May 22, 2026 08:47
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Alloy costs support stainless steel market sentiment. Chinese HRC prices soften after Tsingshan price cuts
India's stainless steel finished market witnessed mixed trends in the week ended 20 May 2026, as rising nickel and ferro molybdenum prices continued to support sentiment, while buying activity largely remained requirement-based amid persistent cost pressure and volatile raw material movements.   Market participants remained cautious due to fluctuations in LME

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