Stainless Steel Sheet, Plate & Coil Price Update November 2019

The prices for stainless steel sheets, plates and coils have declined sharply over the past 2 months, amid falling demand and lower nickel prices.

Nickel prices rose sharply, but it was largely attributed to falling nickel inventories at the LME, at a time when demand seemed weak across the globe. Rising production and exports of stainless steel coils from Indonesia to various Asian economies has also lead to correction in prices. In India, the prices for Indonesian origin stainless steel coils are lower by almost 5% compared to prices of the largest stainless steel coil manufacturer, Jindal Stainless Ltd. The quality for Indonesia origin coils is equally good and readily acceptable by Indian customers, so the demand for low price Indonesia origin coils is growing.

The operations office for selling Indonesia origin coils is run from Gujarat based company, and they are actively managing pricing policy based on LME nickel prices as well as domestic demand for stainless steel products. Jindal stainless limited too has been reacting rather quickly by lowering prices at quite faster pace compared to their earlier strategy of wait and watch.

We have seen large fluctuation in nickel price in the past 2 months with prices first rising from $14000 to $18000/MT, and back from $18000/ton to $15500/MT as on 26th November 2019.

We are pleased to update our prices for stainless steel sheets, plates and coils as below:

Prices for Stainless Steel 304 Coils Updated 26th November 2019

Notes:

1. Price Terms: Ex-Mumbai
2. Stainless Steel 304L Grade available at premium of Rs. 5 to 10/kg
3. GST @ 18% Extra On Quoted Prices
4. Cut to length cutting & slitting services available for our customer
5. Quantity discount available for bulk volume orders.
6. Matte, mirror and satin finish available on demand. Special finish materials available with PVC coating
7. Call on +919833604219 for best prices
8. The above prices are subject changes depending on movement in nickel prices and price announcements from Jindal Stainless Ltd.

Prices for Stainless Steel 316 Coils Updated 26th November 2019

Notes:

1. Price Terms: Ex-Mumbai
2. GST @ 18% Extra On Quoted Prices
3. Cut to length cutting & slitting services available for our customer
4. Quantity discount available for bulk volume orders
5. Matte, mirror and satin finish available on demand. Special finish materials available with PVC coating
6. Call on +919833604219 for best prices
7. The above prices are subject changes depending on movement in nickel prices and price announcements from Jindal Stainless Ltd.

Price for Stainless Steel 304 Sheets Updated 26th November 2019

Notes:

1. Price Terms: Ex-Mumbai
2. GST @ 18% Extra On Quoted Prices
3. Cut to length cutting & slitting services available for our customer. We can also offer circles used for manufacturing articles. 1500*3000 mm size also available in selected sizes.
4. Quantity discount available for bulk volume orders.
5. Matte, mirror and satin finish available on demand. Special finish materials available with PVC coating
6. Call on +919833604219 for best prices
7. The above prices are subject changes depending on movement in nickel prices and price announcements from Jindal Stainless Ltd.

In addition to above grades and prices, we are offering various other grades and products at below prices:

1. Stainless Steel 430 coils and sheets available for sale in price range of Rs. 105 to Rs. 115/Kg
2. Stainless Steel 201 (0.8% Ni / 0.8% Cu) Stainless Steel Strips in width 550mm/510mm are available in price range of Rs.
3. Stainless Steel Matte finish sheets are generally prices higher by Rs. 10-20/Kg depending on the thickness of sheets and coils. Lower the thickness higher is the prices, due to need to higher processing.
4. For mirror finish sheets, the current pricing for stainless steel 304 sheets is around Rs. 210/Kg, with one side mirror finish
5. Prime quality cold rolled 1.0mm to 3.0mm 10 ton Indonesia origin coils available at Rs. 150/Kg, Ex-Mumbai in Grade SS304L
6. Prime quality hot rolled 3.0mm to 8mm coils and sheets of Jindal make are available at Rs. 152/Kg, Ex-Mumbai in Grade SS304.