Tag: India: Chennai’s ferrous scrap prices dip by INR 100/t w-o-w – 7 May

Tight scrap supply offsets weak steel sentiment Billet prices decrease by INR 500/t w-o-w According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai declined by INR 100/t w-o-w to INR 35,800/t, while remaining stable d-o-d. In the semi-finished segment, billet prices dropped by INR 300/t d-o-d to INR 44,500/t, with a weekly decline…