Tag: India: Ferrous scrap prices drops by INR 300/t w-o-w in Chennai on weak steel demand- 31 Oct

Imports remain soft as buyers resist higher offers Monsoon, liquidity strains cap market momentum According to BigMint’s latest assessment, HMS (80:20) scrap prices eased by INR 100/t d-o-d to INR 28,200/t, extending their weekly decline to INR 300/t. Billet prices held steady at INR 38,300/t d-o-d but registered a minor fall of INR 200/t on…