Tag: Chennai Ferrous scrap index

India: Chennai scrap prices inch up by INR 200/t w-o-w – 26 Sep

Sep 26, 2024

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by

Kamal Gohil

in Melting Scrap

Chennai’s HMS (80:20) scrap prices increased by INR 200/t to INR 31,800/t, as per BigMint’s latest assessment. Billet prices also saw a jump of INR 300/t, now standing at INR 43,000/t. Rebar prices remained unchanged at INR 47,000/t. Despite these increases, market activity remains moderate, with buyers and suppliers navigating a cautious landscape. Imported, domestic…