Tag: India: Ferrous scrap prices remain stable w-o-w in Chennai amid slow trades in finish steel – 8 May

Potential imported scrap arrivals weigh on sentiment Ongoing geopolitical tensions make buyers cautious According to BigMint’s latest assessment, HMS (80:20) prices in Chennai remained steady d-o-d and w-o-w at INR 31,500/t amid sluggish finished steel trade. Similarly, billet prices held steady at INR 43,500/t on both d-o-d and w-o-w evaluations. Rebar prices, however, declined by…