What is the difference between 'No. 1' and '2B' finishes in Stainless Steel?

No. 1 finish refers to Hot Rolled (HRC) material that has been annealed and pickled, resulting in a dull, slightly rough surface (3-25mm). 2B finish is a Cold Rolled (CRC) bright finish produced by a final light rolling pass through polished rolls (1-3mm). BigMint tracks both finishes daily in the Mumbai market to provide a complete view of flat product pricing.

Why does BigMint specify 'AOD' for Bright and Black round bars?

AOD (Argon Oxygen Decarburization) is a refining process that ensures lower carbon levels and higher purity. AOD-grade bars command a premium over induction-grade material because of their superior weldability and corrosion resistance. Our assessments for 25-100mm bars in Mumbai and Nhava Sheva specifically track this institutional-quality benchmark.

How is 'Nearshore' Scrap (CFR Mundra) different from standard imports?

Nearshore scrap typically refers to material sourced from the Middle East or Southeast Asia, offering shorter lead times (4-6 weeks) compared to European or US origins. BigMint's daily CFR Mundra indices for 304 and 316 loose scrap help Indian melters calculate their immediate raw material replacement costs.

What is 'JT Grade' Stainless Steel?

JT Grade is a specialized low-nickel/high-manganese 200-series stainless steel commonly used in the Indian utensil and decorative pipe industries. BigMint monitors JT HRC and CRC prices in Mumbai as it is a high-volume retail grade that often moves independently of LME Nickel trends.

How do Chinese export prices from Foshan impact the Indian market?

As the world's largest producer, China's FOB export offers (Sanshui/Foshan) act as a price ceiling for Indian domestic HRC/CRC. BigMint tracks these weekly to help users understand the 'Import Parity' and the likelihood of anti-dumping actions or duty shifts.

Does the delivery period for SS Scrap differ from finished steel?

Yes, import scrap (CFR) usually has a 4-6 week lead time due to shipping, whereas domestic scrap (DAP-Delhi) and finished products (Exw-Mumbai) are typically settled within 7 days. BigMint captures these temporal differences to assist in inventory planning.

How does BigMint verify Stainless Steel prices in the unorganized scrap sector?

Our analysts interact daily with major scrap yards in Delhi and Mundra-based importers. By cross-verifying transaction-based 'Induction Grade' deal levels against secondary mill procurement bids, we provide a clean, non-speculative price index.

Can I use BigMint data to calculate the 'Scrap-to-Nickel' correlation?

Absolutely. Our platform allows users to overlay SS 304 scrap prices with LME Nickel and Ferro Chrome indices. This is essential for stainless steel producers to manage the 'virgin vs. scrap' charge ratio in their furnaces.

Stainless Steel Prices – Daily SS Grades Market Rates

Fines/Lumps Pellets Concentrates Iron Ore Vessel Freight

Non Coking Coking Met Coke Coal Vessel Freight

Sponge Iron Pig Iron Melting Scrap Rerolling scrap Mill Scale

Billet/Bloom/Ingot Rebar Structure Wire Rod Alloy Steel HRC HR Plate HR Strip (Patra) Pipes CRC GP PPGI Galvalume India Steel Composite Index

Manganese Ore Chrome Ore Silico Manganese Ferro Manganese Ferro Chrome Ferro Silicon Noble Ferro Alloys

Stainless Steel

Ship Breaking

Graphite Electrode

Key Prices

	Particular/Delivery/Region	Size/Grade	Min/Max	Tax	Delivery Period	Sentiments

India
IND	Stainless Steel 304 Scrap, CFR Mundra, NearshoreIMP 08, May 2026 16:58 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 316 Scrap, CFR Mundra, NearshoreIMP 08, May 2026 16:58 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 201 Scrap, CFR Mundra, NearshoreIMP 08, May 2026 16:58 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 430 Scrap, CFR Mundra, NearshoreIMP 08, May 2026 16:58 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 304 Scrap, DAP-Delhi, IndiaDOM 08, May 2026 16:57 IST \| Daily	Loose	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Scrap, DAP-Delhi, IndiaDOM 08, May 2026 16:57 IST \| Daily	Loose	INR	tax	Within 7 Days	NA
IND	Stainless Steel Utensil Scrap, DAP-Delhi, IndiaDOM 08, May 2026 16:57 IST \| Daily	Induction Grade, Loose	INR	tax	Within 7 Days	NA
IND	Stainless Steel 304 Grade, HRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	3-25 mm, No. 1 Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel 304 Grade, CRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	1-3 mm, 2B Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Grade, HRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	3-25 mm, No. 1 Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Grade, CRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	1-3 mm, 2B Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel JT Grade, HRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	3-25 mm, No. 1 Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel JT Grade, CRC, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	1-3 mm, 2B Finish, 1-3 mm, 2B Finish	INR	tax	Within 7 Days	NA
IND	Stainless Steel 304 Black Round Bar, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	25-100mm, AOD	INR	tax	Within 7 Days	NA
IND	Stainless Steel 304 Bright bar, Exw-Mumbai, IndiaDOM 06, May 2026 17:40 IST \| Weekly	25-100mm, AOD	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Black Round Bar, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	25-100mm, AOD	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Bright Bar, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	25-100mm, AOD	INR	tax	Within 7 Days	NA
IND	Stainless Steel 304L Bright Round Bar, FOB Nhava Sheva, IndiaEXP 05, May 2026 17:04 IST \| Weekly	25-100 MM (AOD)	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 316L Bright Round Bar, FOB Nhava Sheva, IndiaEXP 05, May 2026 17:04 IST \| Weekly	25-100 MM (AOD)	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 304 Wire Rod, Exw-Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	5-16mm, AOD	INR	tax	Within 7 Days	NA
China
CHN	Stainless Steel 304 Grade, CRC, Exw-Foshan, ChinaDOM 27, Apr 2026 17:32 IST \| Weekly	1.51219C, 2B	RMB	tax	Within 7 Days	NA
CHN	Stainless Steel 304 Grade, CRC, FOB Sanshui, ChinaEXP 27, Apr 2026 17:36 IST \| Weekly	2.01240C, 2B	USD	tax	Shipment within 2 Weeks	NA
CHN	Stainless Steel 201 Grade, CRC, FOB Sanshui, ChinaEXP 27, Apr 2026 17:36 IST \| Weekly	2.01240C, 2B	USD	tax	Shipment within 2 Weeks	NA
India
IND	Stainless Steel 316L Wire rod, Exw- Mumbai, IndiaDOM 06, May 2026 17:19 IST \| Weekly	5.5-16 MM, AOD	INR	tax	Within 7 Days	NA

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Production level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Consumption level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Export level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

Iron Ore	Import level
CY 2014	15
CY 2015	25
CY 2016	30
CY 2017	19
CY 2018	18
CY 2019 (till APR)	15

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