India: Foundry scrap prices rise in southern markets, remain stable in west and east

• Chennai, Coimbatore prices rise; rest remain stable
• Firm buying interest and tight availability support prices

India’s foundry scrap market remained firm w-o-w on 22 September 2026, with prices increasing by INR 300/t for foundry plate and INR 200/t for low-Mn CR-busheling in Coimbatore. Chennai prices also increased by INR 200/t for both grades. Meanwhile, prices in Kolhapur and Kolkata remained unchanged at the previous week’s levels.

Market participants indicated that scrap availability remained relatively tight in southern markets, while buyers continued to focus on requirement-based purchases. Firm secondary steel prices and limited availability of alternative raw materials continued to provide support to seller offers.

Regional price commentary
Kolhapur | West India

Kolhapur foundry scrap prices remained unchanged w-o-w, following the gains recorded in previous weeks.

Foundry plate (4-8 mm) prices remained at INR 41,500/t, while low-Mn CR-busheling prices held at INR 45,000/t.

Market participants said prices remained firm as buyers continued to procure material based on immediate requirements. However, the absence of fresh upward movement this week indicated some consolidation after the recent price increases.

Kolkata | East India

Kolkata foundry plate (4-8 mm) prices remained unchanged at INR 41,500/t w-o-w.

The market remained firm, with sellers maintaining offers at prevailing levels amid limited availability. Buyers continued to adopt a need-based purchasing approach, while stable secondary steel demand provided support to prices.

Chennai & Coimbatore | South India

Southern markets witnessed a fresh price increase w-o-w, supported by firm buying interest and relatively tight scrap availability.

In Coimbatore, foundry plate (8-50 mm) prices increased by INR 300/t to INR 42,300/t, while low-Mn CR-busheling prices rose by INR 200/t to INR 45,800/t.

In Chennai, foundry plate (8-50 mm) prices increased by INR 200/t to INR 40,500/t, while low-Mn CR-busheling prices also rose by INR 200/t to INR 44,000/t.

Market participants said buying interest remained steady, with consumers continuing to procure scrap against immediate requirements. Tight availability and firm secondary steel prices continued to support seller offers in the southern markets.

Outlook

India’s foundry scrap market is expected to remain firm with a stable-to-positive bias in the coming week. The recent gains in Chennai and Coimbatore indicate continued support from tight scrap availability and steady buying interest. However, after the price increases witnessed in recent weeks, further gains may remain selective.