Tag: India: Chennai’s ferrous scrap prices drop INR 100/t w-o-w amid liquidity concerns – 20 Feb

HMS (80:20) scrap prices in Chennai saw a w-o-w decrease of INR 100/t, settling at INR 30,400/t. However, prices remained stable d-o-d. In contrast, billet prices saw an increase of INR 300/t d-o-d, reaching INR 42,000/t, while maintaining stability on a w-o-w basis. Rebar prices held steady, assessed at INR 46,000/t, both on a w-o-w…