Tag: India: Chennai’s ferrous scrap prices dip by INR 100/t w-o-w amid weak steel demand – 24 Jul

Liquidity crunch continues to hinder scrap trade Rebar prices dip w-o-w but demand improves HMS (80:20) prices in Chennai softened by INR 100/tonne (t) w-o-w to INR 29,000/t, as per BigMint’s recent assessment, though d-o-d levels remained flat, indicating a cautious market sentiment. Billet prices remained stable at INR 40,500/t on both d-o-d and w-o-w…