Tag: Indian scrap procurement outlook

Interest in imported scrap limited by ample domestic supply Finished demand stays moderate, mills liquidate 50% of stock According to BigMint’s latest assessment, HMS (80:20) scrap prices in Chennai remained stable at INR 29,300/tonne (t), with no changes observed on a d-o-d or w-o-w basis. Similarly, rebar prices held steady at INR 46,000/t in both…