Tag: India: Chennai’s ferrous scrap prices drop INR 100/t w-o-w on weak steel demand – 9 Jan

Mills opt for maintenance shutdowns as Pongal nears Liquidity crunch contributes to slower trade activity Prices of HMS (80:20) decreased by INR 100/t w-o-w to INR 30,600/t in Chennai, India, according to BigMint’s latest assessment. However, prices remained stable d-o-d. While billet prices remained stable at INR 42,000/t on w-o-w and d-o-d bases, rebar prices…