Tag: India: Chennai scrap prices rise by INR 400/t w-o-w – 3 Oct

India: Ferrous scrap prices rise INR 500/t w-o-w in Chennai – 3 Oct

Oct 3, 2024

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by

Kamal Gohil

in Melting Scrap

Demand for semis, finished steel rises Scrap availability remains limited Chennai’s HMS (80:20) scrap prices edged up by INR 100/t d-o-d to INR 32,300/t while showing a weekly improvement of INR 500/t, according to BigMint’s latest assessment. Billet prices jumped by INR 500/t to INR 44,500/t, and rebar prices increased by INR 400/t to INR…