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India: Stainless steel market softens w-o-w on weak demand despite rising nickel support

Source: BigMint Jun 05, 2026 08:30

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Buyers continue need-based procurement only. Higher molybdenum costs support 316 prices

India's stainless steel market remained subdued in the week ended 3 June 2026, as weak downstream consumption and cautious purchasing activity weighed on both flat and long product segments. Buyers largely limited procurement to immediate requirements amid uncertain demand visibility, while mills faced slower order inflows across domestic and

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