Tag: India: Ferrous scrap prices drops by INR 400/t w-o-w in Chennai on weak steel demand- 5 Jun

Interest in imported scrap remains limited Rebar prices decrease by INR 1,300/t w-o-w According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai declined by INR 400/t w-o-w to INR 32,000/t, while remaining stable on a daily basis. In the semi-finished segment, billet prices remained unchanged d-o-d at INR 40,900/t, although they recorded a…