Tag: India: Chennai’s ferrous scrap prices slips INR 700/t w-o-w on lacklustre steel demand – 12 Dec

Ongoing rainy season slows down scrap market Steel trades may stay moderate throughout Dec According to BigMint’s latest assessment, HMS (80:20) prices dropped INR 700/t w-o-w to INR 31,300/t in Chennai, India. However, prices remained unchanged d-o-d. Similarly, billet tags decreased by INR 300/t w-o-w to INR 41,500/t while remaining stable d-o-d. Rebar also dropped…