India: Leading stainless steel coil manufacturer slashes 316 coil tags for Nov'25

India's leading stainless steel coil manufacturer has reduced its 316 coil prices by INR 5,000/t, effective 17 Nov'25 -- the second cut this month. The revision comes amid a temporary relaxation on imports, allowing the use of non-BIS-compliant material until 31 Dec'25, and a sharp decline in ferro molybdenum prices, a key input for 316 grades, which have fallen to a four-month low.