Tag: India: Ferrous scrap prices in Chennai inch up by INR 100/t w-o-w amid mixed market sentiments

Subdued finished steel trade offsets tight scrap supply Construction activity may be deferred for GST benefits HMS (80:20) prices in Chennai inched up by INR 100/tonne (t) w-o-w to INR 30,100/t, with no change on a d-o-d basis, according to BigMint’s latest assessment. Billet prices, however, remained steady d-o-d but dropped INR 100/t w-o-w, settling…