Tag: India: Chennai ferrous scrap prices rise by INR 500/t w-o-w on supply tightness – 16 Apr

Tight supply lifts scrap despite softer steel prices Rebar prices decrease by INR 700/t w-o-w According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai increased by INR 200/t d-o-d to INR 36,500/t, marking a weekly gain of INR 500/t. In contrast, billet prices declined by INR 900/t w-o-w to INR 47,100/t, while remaining…