Tag: Steel demand slowdown India

India: Chennai’s ferrous scrap prices dip by INR 200/t w-o-w amid moderate steel demand – 10 Jul

Jul 10, 2025

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by

Kamal Gohil

in Melting Scrap

Falling finished steel demand prompts output cuts at mills Mills face pressure to reduce scrap procurement prices HMS (80:20) scrap prices in Chennai declined by INR 200/tonne (t) w-o-w to INR 29,100/t, with no d-o-d change, according to BigMint’s latest assessment. The w-o-w decline was due to weakened demand for finished steel. Billet prices declined…