Tag: India: Ferrous scrap prices remain stable w-o-w in Chennai amid slow trade in finished steel – 28 Aug

Tight domestic scrap supply supports prices Billet prices drop by INR 200/t d-o-d According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai remained steady at INR 30,000/t, showing no movement on a day-on-day (d-o-d) or week-on-week (w-o-w) basis. While rebar prices held steady at INR 45,500/t on both d-o-d and w-o-w evaluations. Conversely,…