India: Leading stainless steel producer revises coil prices amid policy shift
A major stainless steel producer has revised its HR and CR coil prices, effective 3 May. The increase in the 300 series is primarily supported by firm nickel prices, while recent QCO exemptions have intensified pressure from imports in the 200 series segment, resulting in price correction.Revised prices are as follows:304 HR: +INR 3,000/t,304 CR: +INR 4,000/t,316 HR/CR: +INR 8,000/t,JT coils: -INR 6,000/t