Tag: India: Chennai’s ferrous scrap prices slide by INR 100/t w-o-w on weak steel demand – 6 Feb

Projects do need-based buying, avoid bulk purchases Liquidity squeeze further limits trade activities According to BigMint’s latest assessment, prices of HMS (80:20) in Chennai decreased by INR 100/t w-o-w, reaching INR 30,700/t. Despite this drop, prices remained stable on a d-o-d basis. Billet prices held steady d-o-d at INR 41,200/t but experienced a minor reduction…