India: Foundry scrap prices largely stable w-o-w; Kolkata sees marginal gain

• Demand remains stable; procurement continues on requirement basis
• Prime scrap availability remains tight; selective price support continues

Foundry scrap prices in India remained largely stable w-o-w as of 21 Jul 2026. Demand from the automotive and engineering casting sectors remained steady, while procurement activity continued on a need basis. Plate scrap prices were largely unchanged across key regions, while only Kolkata recorded a marginal increase. Low Mn CR-busheling prices remained stable as tight prime scrap availability continued to support prevailing levels.

Regional price commentary

Kolhapur (west India)

Foundry plate (4-8 mm) prices remained unchanged w-o-w at INR 38,200/t, while Low Mn CR-busheling prices were also stable at INR 42,000/t. Market activity remained balanced, with requirement-based buying and limited availability of prime-grade scrap.

Coimbatore (south India)

Foundry plate (8-50 mm) prices remained stable w-o-w at INR 38,800/t, while Low Mn CR-busheling prices were unchanged at INR 44,500/t. Steady demand from engineering and automotive casting units supported market sentiment despite cautious procurement.

Chennai (South India)

Foundry plate (8-50 mm) prices remained stable w-o-w at INR 36,800/t, while Low Mn CR-busheling prices were unchanged at INR 42,500/t. Market participants noted that major foundry scrap auctions scheduled for the end of the month are expected to provide a clearer indication of price direction and overall market sentiment in the near term.

Kolkata (east India)

Foundry plate (4-8 mm) prices increased by INR 100/t w-o-w to INR 38,800/t. The uptick followed an improvement in semi-finished steel prices during the previous trading session, which lent support to local scrap prices.

Outlook

Demand from foundry and engineering units is expected to remain steady, with casting manufacturers reporting healthy order books. However, rising labour and raw material costs may increase production expenses, potentially supporting scrap prices in the near term. The outcome of upcoming foundry scrap auctions will also be closely watched for indications of the market’s near-term direction.

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