Tag: Chennai HMS scrap

India: Chennai ferrous scrap prices remain firm w-o-w despite billet correction – 8 Oct

Oct 8, 2026

—

by

Yashika Agrawal

in Melting Scrap

Domestic scrap availability remains relatively tight Project-led rebar demand provides some support to finished steel sales HMS (80:20) scrap prices in Chennai increased by INR 700/t w-o-w to INR 35,600/t, according to BigMint’s latest assessment on 8 October. In the semi-finished steel segment, billet prices corrected by INR 500/t w-o-w to INR 49,000/t. Billet prices…