Tag: India: Chennai scrap prices drop by INR 200/t w-o-w amid mixed market trends

Semi-finished steel prices rise by INR 1,000/t w-o-w Mills increase sponge usage in charge mix to cut costs Chennai’s HMS (80:20) scrap prices decreased by INR 200/t w-o-w, settling at INR 30,200/t, though they remained stable d-o-d. In contrast, billet prices rose by INR 1,000/t w-o-w to INR 43,500/t, while maintaining stability on a d-o-d…