Tag: steel demand outlook

India: Chennai’s ferrous scrap prices drop by INR 500/t w-o-w on weak steel demand – 10 Oct

Oct 10, 2025

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by

Kamal Gohil

in Melting Scrap

Scrap prices fall, market activity slows Steel prices dip as market remains cautious According to BigMint’s latest assessment, HMS (80:20) scrap prices have dropped by INR 500/t w-o-w, bringing the cost down to INR 29,200/t in Chennai. However, prices remained unchanged d-o-d. Similarly, billet prices experienced a decrease of INR 400/t, settling at INR 39,300/t…