Tag: India: Chennai’s ferrous scrap prices drop by INR 1400/t w-o-w on weak steel demand – 14 May

Prices tumble as steel demand weakens sharply Rebar prices decrease by INR 1,700/t w-o-w According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai declined sharply by INR 1,500/t w-o-w to INR 34,400/t, while fell by INR 100/t on a daily basis. In the semi-finished segment, billet prices dropped by INR 200/t d-o-d to…