Tag: #SteelMarketUpdate #HMS8020ScrapPrices #ChennaiScrapPrices #BilletPriceTrends #RebarMarketAnalysis #IndianScrapIndustry #MetalMarketIndia #ScrapTradeActivity #BigMintAssessment #SteelPriceFluctuations
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India: Chennai’s ferrous scrap prices dip by INR 100/t w-o-w on weak steel demand – 6 Feb
Projects do need-based buying, avoid bulk purchases Liquidity squeeze further limits trade activities According to BigMint’s latest assessment, prices of HMS (80:20) in Chennai decreased by INR 100/t w-o-w, reaching INR 30,700/t. Despite this drop, prices remained stable on a d-o-d basis. Billet prices held steady d-o-d at INR 41,200/t but experienced a minor reduction…