Tag: India: Ferrous scrap prices drops by INR 700/t w-o-w in Chennai on weak steel demand- 16 Oct

Market slows due to Deepawali, monsoon Billet, rebar prices fall by INR 300/t w-o-w As per BigMint’s latest assessment, HMS (80:20) prices in Chennai remained steady at INR 28,500/t, with no d-o-d variation, though they declined by INR 700/t on a w-o-w basis. Similarly, billet prices decreased by INR 300/t w-o-w, settling at INR 39,000/t,…