Tag: India: Chennai’s ferrous scrap prices dip by INR 500/t w-o-w – 21 May

Soft demand drags steel, scrap prices lower Higher dollar limits import scrap bookings According to BigMint assessment, HMS (80:20) scrap prices in Chennai declined by INR 200/t d-o-d to INR 33,800/t, registering a weekly decrease of INR 500/t. In the semi-finished segment, billet prices remained stable d-o-d at INR 42,000/t, though they recorded a weekly…