Tag: India: Chennai’s ferrous scrap prices dip by INR 500/t w-o-w amid luckluster steel demand – 12 Jun

Rebar output exceeds sales, inventories pile up Rains, tight liquidity impact finished demand Prices of HMS (80:20) in Chennai, India, fell by INR 500/tonne (t) w-o-w to INR 30,000/t, although, d-o-d, prices remained stable, as per BigMint’s latest assessment. Billet prices also saw a decline of INR 300/t w-o-w to INR 41,000/t, while no significant…