Author: Shankar
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India: Chennai ferrous scrap prices fall by INR 700/t w-o-w despite stable billet prices
Prices tumble as steel demand weakens sharply Scrap to billet spread recovers slightly in June According to BigMints latest assessment, HMS (80:20) scrap prices in Chennai declined sharply by INR 700/t w-o-w to INR 31,300/t. In the semi-finished segment, billet prices remains unchanges since last two week and stand stable at INR 41,200/t,reflecting weak market…