Tag: India: Chennai’s ferrous scrap prices drop by INR 500/t w-o-w on weak steel demand – 19 Dec

*Heavy downpour, cyclone weigh on trade activities *Scrap prices expected to fluctuate in the near term According to BigMint’s latest assessment, the price of HMS (80:20) decreased by INR 400/t w-o-w, settling at INR 30,900/t in Chennai, India. However, prices remained stable d-o-d. In contrast, billet prices saw a d-o-d increase of INR 100/t, reaching…