Tag: Chennai Ferrous scrap index

Billet prices jump INR 1,500/t w-o-w Slow import arrivals tighten local availability Ferrous scrap prices in Chennai strengthened w-o-w, supported by higher semi-finished steel prices and tightening supply dynamics. BigMint’s latest assessment showed HMS (80:20) scrap at INR 31,200/t on 5 February 2026, up INR 400/t w-o-w, while remaining unchanged day-on-day. The uptrend was reinforced…