Tag: Steel market outlook India

Scrap market unaffected by poor steel demand Prices to remain range-bound in near term HMS (80:20) scrap prices in Chennai remained stable at INR 31,500/tonne (t), showing no change on a d-o-d or w-o-w basis, according to BigMint’s latest assessment. Similarly, rebar prices held steady at INR 48,500/t in both d-o-d and w-o-w evaluations. Meanwhile,…