Tag: India: Chennai ferrous scrap prices rise by INR 1000/t w-o-w on supply shortage – 2 Apr

Strong dollar, geopolitical uncertainties limit imports Gas supply disruptions impact scrap cutting, processing In the Chennai market, HMS (80:20) prices increased by INR 700/t w-o-w to INR 35,200/t on 2 April 2026 while remaining stable d-o-d, as per BigMint’s assessment. Meanwhile, billet prices rose by INR 2,300/t w-o-w and registered a daily increase of INR…