Tag: Steel market forecast India
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India: Ferrous scrap prices remain stable w-o-w in Chennai amid uptick in semis tags – 3 Jul
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…