Tag: India: Chennai’s ferrous scrap prices drop INR 200/t w-o-w as rains keep steel demand subdued – 5 Dec

Semis, finished steel prices increase d-o-d Buyer sentiments remain depressed According to BigMint’s latest assessment, HMS (80:20) scrap prices saw a w-o-w decline of INR 100/t, settling at INR 32,000/t in Chennai. However, d-o-d, prices remained stable. In contrast, billet prices experienced an increase of INR 500/t, reaching INR 41,800/t d-o-d. Rebar prices also saw…