Author: Shankar
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India: Chennai ferrous scrap prices remain stable; weak rebar demand, high inventories weigh on sentiment
Imported scrap trading remains muted amid unviable offers Rebar inventories rise to 30-40 days; mills focus on stock liquidation HMS (80:20) scrap prices in Chennai remained largely stable w-o-w at INR 31,800-32,200/t, according to BigMint’s latest assessment, reflecting balanced domestic availability and cautious procurement by mills. In the semi-finished segment, billet prices improved by around…