Metal Market Today: Prices & LME Trends on 4 June 2026

Steel Prices Steady, Stainless Shows Resilience on 4 June 2026

New Delhi, 4 June 2026 – The Indian metals market on Thursday, June 4, 2026, witnessed a period of relative stability across most categories, with steel prices holding firm and stainless steel demonstrating notable resilience. While LME (London Metal Exchange) trends indicated mixed signals for base metals, domestic benchmarks for copper, aluminium, nickel, zinc, lead, and tin reflected cautious trading amidst fluctuating input costs and global supply dynamics.

LME and Global Base Metal Trends

The LME saw a mixed trading session for base metals. Copper prices experienced a slight dip, influenced by a stronger US dollar and concerns over demand from China, although a looming supply deficit continued to offer underlying support. Aluminium prices remained under pressure, burdened by increasing production capacity in China and ample global inventories. Nickel prices, however, showed upward momentum, driven by a combination of diminishing high-grade ore stockpiles and robust demand from the stainless steel and battery sectors. Zinc and lead prices traded within narrow ranges, reacting to logistical challenges and minor shifts in industrial output. Tin prices, meanwhile, continued their recent upward trajectory, supported by tight supply and strong downstream demand, particularly from the electronics industry.

Domestic Steel Market Analysis

Domestic steel prices remained largely unchanged today, with manufacturers passing on the stable to marginally increasing costs of raw materials like iron ore and coking coal. Major producers such as Tata Steel and JSW Steel maintained their official prices, reflecting a balanced demand-supply scenario. Demand for construction and infrastructure-grade steel, including Mild Steel and Carbon Steel products like C Channel / ISMC and Plates, remained steady, supported by ongoing government projects. Prices for Alloy Steel and Tool Steel grades exhibited minor fluctuations based on specific alloy compositions and supplier stock levels.

Stainless Steel Market Performance

The Indian stainless steel market displayed a more positive sentiment on June 4, 2026. With LME nickel prices inching upwards, the cost of primary stainless steel grades saw a marginal increase. Domestic prices for popular grades like 304 and 316 stainless steel, available in forms such as Sheets and Coils, edged higher by approximately 0.5-1% compared to yesterday's close. Manufacturers noted sustained demand from the automotive, appliance, and architectural sectors, which is helping to absorb the slight price rise in Stainless Steel – a testament to its superior corrosion resistance and durability.

Base Metal Prices in India

Key Takeaways

Frequently Asked Questions

What is today's stainless steel price in India?

As of June 4, 2026, Indian stainless steel prices have seen a slight upward movement. Grades like 304 are trading in the range of ₹220-₹235 per kg, and 316 grades are around ₹320-₹340 per kg. For specific product forms or bulk inquiries, buyers can explore options on Stainless Steel sections of MetaleMart.in.

Where can I find real-time LME metal price trends?

For real-time LME price trends and their impact on the Indian market, MetaleMart.in provides daily updates. You can track base metal price movements and their analysis to make informed trading decisions, helping you understand their relation to Copper, Aluminium, and other key commodities.

How do I calculate the weight of metal for my project?

To accurately estimate material requirements, MetaleMart.in offers an easy-to-use Weight Calculator. This tool allows you to input dimensions and material types, such as Solid Round Bars or Chequered Plate, to determine the exact weight and cost, ensuring efficient project planning.

What factors influence domestic steel prices in India?

Domestic steel prices in India are influenced by a combination of global factors such as iron ore and coking coal prices, LME metal trends, and domestic demand from key sectors like construction and automotive. Local production capacity, inventory levels, and government policies also play a significant role in price determination. You can read more about Mild Steel market drivers in our insights section.