Tag: India: Chennai scrap prices inch up by INR 100/t w-o-w – 19 Feb

India: Scrap prices in Chennai inch up by INR 100/t w-o-w amid healthy demand – 19 Feb

Feb 19, 2026

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by

Kamal Gohil

in Melting Scrap

Mild scrap shortage emerges due to limited import bookings Tight sponge iron supply, healthy billet demand lift scrap prices HMS (80:20) scrap prices in Chennai edged up by INR 100/tonne (t) w-o-w to INR 31,900/t on 19 February 2026, driven by healthy offtake, while remaining unchanged on a d-o-d basis, as per BigMint’s assessment. Billet and…