Tag: India: Ferrous scrap prices drops by INR 200/t w-o-w in Chennai – 16 Jul

India: Ferrous scrap prices drop by INR 200/t w-o-w in Chennai amid growing liquidity constraints- 16 Jul

Jul 16, 2026

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by

Kamal Gohil

in Melting Scrap

Firm outlook for scrap despite moderate demand Billet prices increase by INR 550/t w-o-w According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai remained stable at INR 30,800/t, with no change on a d-o-d basis, although they declined by INR 200/t w-o-w. In the semi-finished segment, billet prices increased by INR 250/t d-o-d…