Tag: India: Ferrous scrap prices remain stable for third successive week in Chennai amid slow trade in finished steel-27 Nov

Liquidity constraints dampen market sentiment Sellers clearly under pressure amid soft demand HMS (80:20) scrap prices in Chennai remained unchanged at INR 28,000/t, with stability observed on both d-o-d and w-o-w comparisons, according to BigMint’s latest assessment. Similarly billet and rebar prices  held firm w-o-w and d-o-d, assessed at INR 38,500/t and INR 43,000/t respectively.…