Tag: India: Ferrous scrap prices in Chennai drop by INR 500/t w-o-w – 29 May

India: Ferrous scrap prices in Chennai drop by INR 500/t w-o-w – 29 May

May 29, 2025

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by

Kamal Gohil

in Melting Scrap

As per BigMint’s latest report, HMS (80:20) prices in Chennai declined by INR 500/t w-o-w to INR 30,500/t, though remained unchanged on a daily basis. Billet prices stood firm at INR 42,000/t d-o-d, reflecting an INR 800/t drop over the week. Similarly, rebar prices maintained stability d-o-d at INR 47,300/t, yet witnessed a weekly dip…