What is the primary difference between SS 304 and SS 316 scrap?

SS 304 (Sabot) typically contains 8% nickel, while SS 316 (Sabin) includes 2-3% molybdenum for enhanced corrosion resistance, making it more valuable. BigMint tracks the 'Moly-premium' daily, providing clear price distinctions between these grades to help traders and mills optimize their alloy recovery costs.

How do LME Nickel prices influence domestic stainless steel scrap rates?

Since nickel is the most expensive component in the 300-series, its price volatility on the London Metal Exchange (LME) serves as the leading indicator for scrap market adjustments. BigMint provides a real-time correlation tool that overlays LME Nickel futures with Indian scrap benchmarks, allowing users to hedge against sudden price swings.

Why is the 200-series stainless scrap market so significant in India?

The 200-series (like J4/J5) substitutes nickel with manganese to lower costs, making it the preferred grade for India's massive kitchenware and structural sectors. BigMint offers dedicated price tracking for 201 and 202 grades in hubs like Jodhpur and Ahmedabad, reflecting the unique supply-demand dynamics of the Indian secondary stainless market.

What is 'Green Stainless Steel' and how does it impact scrap demand?

Green stainless steel refers to metal produced using up to 90% recycled scrap to minimize carbon emissions compared to using primary ores. BigMint monitors the growing 'Certified Recycled' scrap premium, assisting mills in sourcing low-carbon feedstock to meet global ESG and sustainability standards.

How does copper contamination affect the value of stainless steel scrap?

Excessive copper levels (above 0.5%) can compromise the structural integrity of stainless steel during rolling, leading to price deductions by melters. BigMint’s price assessments factor in 'purity discounts' for contaminated loads, helping sellers understand the importance of grade segregation at the yard level.

What are the advantages of using Stainless Steel 'Turning and Borings'?

Turnings are machining byproducts that offer a lower-cost alternative to solid scrap, though they require careful handling due to oil content and low density. BigMint tracks the solid-to-turning price ratio, providing insights into the economic feasibility of using chips versus heavy scrap for induction furnaces.

How do BIS certification norms impact the import of stainless steel scrap?

Stricter Bureau of Indian Standards (BIS) norms for 2026 require high traceability for imported scrap to ensure chemical consistency and environmental compliance. BigMint provides regulatory updates and tracking of 'CFR Nhava Sheva' rates, helping importers navigate the shifting landscape of global scrap procurement.

Where can I find the historical correlation between Ferro Chrome and SS scrap prices?

As chromium is a vital alloying element, spikes in Ferro Chrome prices directly increase the replacement value of stainless scrap. BigMint’s historical dashboard allows subscribers to compare Ferro Chrome trends with SS 430 and 304 indices, offering a comprehensive view of how all primary alloy costs drive the scrap market.

Stainless Steel Scrap Prices – SS Scrap Market Rates Today


India
IND	Stainless Steel 304 Scrap, CFR Mundra, NearshoreIMP 24, Mar 2026 16:54 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 316 Scrap, CFR Mundra, NearshoreIMP 24, Mar 2026 16:54 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 201 Scrap, CFR Mundra, NearshoreIMP 24, Mar 2026 16:54 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 430 Scrap, CFR Mundra, NearshoreIMP 24, Mar 2026 16:54 IST \| Daily	Loose	USD	tax	Within 4-6 Weeks	NA
IND	Stainless Steel 304 Scrap, DAP-Delhi, IndiaDOM 24, Mar 2026 16:51 IST \| Daily	Loose	INR	tax	Within 7 Days	NA
IND	Stainless Steel 316 Scrap, DAP-Delhi, IndiaDOM 24, Mar 2026 16:51 IST \| Daily	Loose	INR	tax	Within 7 Days	NA
IND	Stainless Steel Utensil Scrap, DAP-Delhi, IndiaDOM 24, Mar 2026 16:51 IST \| Daily	Induction Grade, Loose	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

Export - Iron Ore | India

Compare

Export - Iron Ore | India

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

Import - Iron Ore | India

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

Import - Iron Ore | India

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

Export - Iron Ore | India

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

Coastal Movement - Iron Ore | India

Compare

Export - Iron Ore | India

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

Export - Iron Ore | India

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