Author: Shankar
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India: Chennai ferrous scrap prices stable; billet improves, rebar demand remains weak – 11 Jun
Imported scrap trading activity remained muted Billet prices improve w-o-w; rebar prices soften According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai remained largely stable w-o-w at INR 31,800-32,200/t, reflecting balanced domestic availability and cautious procurement by mills. In the semi-finished segment, billet prices improved by around INR 200/t w-o-w to INR 41,200/t,…