Import or buy local?
Imported landed price against the Indian scrap price, by grade, in rupees per tonne. Updated with the nickel price.
| Grade | Imported landed | Indian scrap | Gap | Signal |
|---|---|---|---|---|
| 304 | Rs 1,48,500 | Rs 1,44,000 | +3.1% | Buy local today |
| 316 | Rs 2,14,000 | Rs 2,22,000 | -3.6% | Import pays today |
| 430 | Rs 72,500 | Rs 71,000 | +2.1% | Buy local today |
| 201 | Rs 88,000 | Rs 90,500 | -2.8% | Import pays today |
The 304 figures follow SMM's first half 2026 averages. The other grades and the chart are illustrative demo data.
Grade 304, last 90 days
We alert you when importing pays.