Tag: India: Ferrous scrap prices remain stable w-o-w in Chennai – 17 Oct

India: Chennai ferrous scrap prices stable w-o-w as rains keep steel demand subdued – 17 Oct

Oct 17, 2024

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by

Kamal Gohil

in Melting Scrap

BigMint’s latest assessment shows that HMS (80:20) scrap prices in Chennai remained steady at INR 32,200/t, with no changes on a daily or weekly basis. Rebar prices are also stable at INR 48,000/t d-o-d, though they have seen a decline of INR 500/t over the past week. Billet prices have dropped by INR 200/t to…