Tag: India: Ferrous scrap prices drops by INR 200/t w-o-w in Chennai on weak steel demand- 15 Oct

Scrap prices remain supported by tight supply, limited import bookings Monsoon, approaching festivals, competitive sponge iron weigh on scrap demand HMS (80:20) scrap prices in Chennai declined by INR 200/t w-o-w to INR 35,400/t on 15 October 2026 while remaining stable d-o-d, according to BigMint’s latest assessment. In the semi-finished steel segment, billet prices fell…