Tag: India: Chennai ferrous scrap prices rise by INR 900/t w-o-w on improved steel prices – 2 Jan

India: Chennai’s ferrous scrap prices surge by INR 1,000/t w-o-w on steel price gains – 2 Jan

Jan 2, 2026

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by

Kamal Gohil

in Melting Scrap

Billet prices surge INR 1,700/t w-o-w as demand improves Recent slowdown in import activity aids scrap price uptick HMS (80:20) prices in Chennai increased by INR 1,000/tonne (t) w-o-w to INR 29,800/t, according to BigMint’s latest assessment on 2 January 2026, supported by a mild d-o-d rise of INR 100/t. Billet prices improved by INR…