- Demand remains steady; procurement continues on need basis
- Selective tightness in prime-grade scrap lifts CR-busheling prices
Foundry scrap prices in India remained largely stable w-o-w as of 16 June 2026. Demand from the automotive and engineering casting sectors remained steady, while procurement activity continued on a requirement basis. Market sentiment was supported by stable scrap availability across most regions, although selective tightness in prime-grade scrap led to an increase in CR-busheling prices in some markets.
Regional price commentary
Kolhapur (West India)
Foundry plate (4-8 mm) prices declined by INR 200/t w-o-w to INR 38,800/t, while CR-busheling prices increased by INR 300/t to INR 43,800/t. Market participants cited stable demand and selective tightness in prime-grade scrap availability as supporting factors for CR-busheling prices.
Coimbatore (South India)
Prices remained unchanged w-o-w, with foundry plate (8-50 mm) at INR 40,800/t and CR-busheling at INR 44,200/t. Balanced demand-supply conditions kept the market stable during the week.
Chennai (South India)
Foundry plate (8-50 mm) prices remained stable at INR 38,600/t, while CR-busheling prices increased by INR 500/t w-o-w to INR 43,500/t. The rise was supported by healthy demand for prime-grade scrap and limited availability in the local market.
Kolkata (East India)
Foundry plate (4-8 mm) prices remained stable w-o-w at INR 39,200/t. Market fundamentals remained balanced, with no major changes in demand or supply dynamics.
Outlook
Foundry scrap prices are expected to remain largely stable in the near term, supported by steady demand from casting units and engineering manufacturers. While adequate scrap availability may limit sharp price increases, continued tightness in prime-grade material could provide support to CR-busheling prices across select regions.
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