Tag: Chennai weekly article
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India: Melting scrap prices rise INR 600/t w-o-w in Chennai tracking steel price uptrend
Post-festive demand lifts project buying Billet prices rise by INR 500/t w-o-w Chennai’s ferrous scrap market strengthened w-o-w, as assessed on 12 February, with HMS (80:20) prices rising by INR 600/t w-o-w to INR 31,800-32,200/t. The uptick followed improved steel offtake after mid-January, as construction activity resumed post the southern festive lull. Project demand revives…