Tag: billet price India May 2025

India: Chennai’s ferrous scrap prices dip by INR 200/t w-o-w amid weak steel demand – 15 May

May 15, 2025

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by

Kamal Gohil

in Melting Scrap

Semi-finished steel prices decrease d-o-d Maintenance at key mill tightens billet supply HMS (80:20) scrap prices in Chennai declined by INR 200/t on a weekly basis, settling at INR 31,300/t, while remaining steady d-o-d. Billet prices dropped by INR 200/t both d-o-d and w-o-w, now assessed at INR 43,300/t. Rebar prices held firm at INR…