Tag: rebar market outlook

India: Ferrous scrap prices in Chennai inch up by INR 100/t w-o-w despite mixed market sentiments

Sep 4, 2025

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by

Kamal Gohil

in Melting Scrap

Subdued finished steel trade offsets tight scrap supply Construction activity may be deferred for GST benefits HMS (80:20) prices in Chennai inched up by INR 100/tonne (t) w-o-w to INR 30,100/t, with no change on a d-o-d basis, according to BigMint’s latest assessment. Billet prices, however, remained steady d-o-d but dropped INR 100/t w-o-w, settling…