Tag: India: Chennai’s ferrous scrap prices drop by INR 200/t w-o-w on weak steel demand – 28 Nov

Liquidity constraints lead to sluggish trade Buyers delay purchases amid rainy season According to BigMint’s latest assessment, HMS (80:20) scrap prices declined INR 200/tonne (t) w-o-w to INR 32,100/t. However, d-o-d, prices remained stable. Meanwhile, rebar tags were unchanged d-o-d at INR 46,000/t but saw a minor reduction of INR 300/t over the week. Additionally,…