Tag: India: BigMint’s scrap index up INR 100/t w-o-w amid mixed market trends

According to BigMint’s latest update, the steel market in Chennai experienced slight fluctuations. HMS (80:20) scrap prices rose by INR 100/t w-o-w, now at INR 30,800/t, with no changes observed d-o-d. Billet prices were stable d-o-d, but showed a modest rise of INR 200/t w-o-w, reaching INR 41,500/t. Rebar prices also saw a minor increase…