[SMM Stainless Steel Flash] India's Stainless Steel Bright Bar Export Prices Remain Steady W-o-W Amid Subdued Demand

Published: Aug 27, 2026 09:32

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India's stainless steel bright bar export market remained subdued in the week, with sentiment broadly unchanged WoW. Geopolitical tensions, elevated freight costs, and evolving CBAM requirements continued to weigh on overseas buying interest, with European buyers cautious amid summer holidays and Middle East activity limited by regional tensions. Indicative export offers held at US$2,350–2,375/t FOB India for 304 bright bars and US$4,320–4,340/t for 316 bright bars, both unchanged WoW. In domestic longs, pre-festive season enquiries gradually improved with 304 black bars steady at INR 195,000/t exw-Mumbai and 316 black bars up INR 2,000/t to INR 352,000/t. Domestic 304 scrap rose INR 4,000/t WoW to INR 147,000/t DAP Delhi, with tight availability continuing to underpin raw material costs and provide a price floor despite weak export demand. Near-term outlook remains firm but range-bound, with healthy domestic demand and elevated alloy costs limiting downside while subdued overseas enquiries and high freight costs cap export volumes.

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