Tag: India: Chennai’s ferrous scrap prices dip by INR 200/t w-o-w on weak steel demand – 15 May

Semi-finished steel prices decrease d-o-d Maintenance at key mill tightens billet supply HMS (80:20) scrap prices in Chennai declined by INR 200/t on a weekly basis, settling at INR 31,300/t, while remaining steady d-o-d. Billet prices dropped by INR 200/t both d-o-d and w-o-w, now assessed at INR 43,300/t. Rebar prices held firm at INR…