Tag: steel market sentiment India

India: Ferrous scrap prices rise by INR 200/t w-o-w in Chennai – 1 Aug’25

Aug 1, 2025

—

by

Kamal Gohil

in Melting Scrap

Slight increase seen in sponge iron prices Billet, rebar demand sustains, supports scrap HMS (80:20) scrap prices in Chennai rose by INR 200/t on a w-o-w basis, reaching INR 29,200/t, as per BigMint’s latest data. Despite this weekly gain, prices held steady d-o-d. Meanwhile, billet and rebar prices remained unchanged both daily and weekly, with…