[SMM Stainless Steel Flash] India stainless finished market mixed as tight scrap and moly lift 316 HRC

Published: Oct 08, 2026 11:36 (GMT+8)

Save

India's stainless finished market was mixed in the week ended 7 October. 304 HR coil eased slightly while 316 HR coil rose despite softer nickel, supported by tight 316 scrap and high molybdenum costs; 316 black bar fell. Pre-Diwali restocking may lift October activity, though volatile nickel and freight costs keep buyers cautious.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

34 mins ago

[SMM Nickel Midday Review] Nickel prices gapped down below 120,000 on October 8, falling after the holiday as US Treasury yields and the dollar both rose during the break

34 mins ago

35 mins ago

[SMM Nickel Intermediate Product Daily Review] MHP and high-grade nickel matte nickel prices decline on October 8

As of now, the FOB price of Indonesian MHP nickel is $13,539/mt Ni, and the FOB price of Indonesian MHP cobalt is $26,629/mt Co. The MHP payable indicator (against the SMM battery-grade nickel sulphate index) is 79-80, and the MHP cobalt payable indicator (against SMM refined cobalt, Rotterdam warehouse) is 58. The FOB price of Indonesian high-grade nickel matte is $14,952/mt Ni.

35 mins ago

1 hour ago

[SMM Flash] Middle East October Sulfur Contract Prices Announced

Qatar's October 2026 sulfur contract price is $835/mt (FOB), down $45/mt MoM; Kuwait Petroleum Corporation set it at $820/mt (FOB), down $45 MoM; Abu Dhabi National Oil Company set it at $890/mt (Ruwais FOB), down $70 MoM.

1 hour ago