India: Foundry scrap prices remain stable w-o-w amid steady demand

• Stable, requirement-based buying keeps prices unchanged
• Steady supply limits scope for significant price movement

India’s foundry scrap market remained stable w-o-w as of 21 October 2026, with all assessed markets recording no price movement. Demand from the automotive and engineering casting sectors remained steady, while buying activity continued to be largely requirement-based.

Market participants reported balanced availability across key regions, limiting the scope for significant price movement. Buyers remained cautious in procurement, while sellers largely maintained existing price levels.

Regional price commentary

Kolhapur (West India)

Kolhapur market sentiment remained stable w-o-w. Foundry plate (4-8 mm) prices were unchanged at INR 41,000/t, while low Mn CR-busheling prices held at INR 47,000/t.

Market participants reported steady buying interest for quality scrap, although the absence of significant supply tightness kept prices unchanged during the week.

Kolkata (East India)

Kolkata market sentiment remained stable w-o-w, with foundry plate (4-8 mm) prices unchanged at INR 40,800/t.

Buying activity remained largely requirement-based, while balanced supply-demand conditions kept sellers’ price expectations stable.

Chennai & Coimbatore (South India)

Southern markets remained stable w-o-w, with no change in assessed prices across both markets.

In Coimbatore, foundry plate (8-50 mm) prices remained unchanged at INR 43,800/t, while low Mn CR-busheling prices held at INR 47,500/t. Market activity remained steady, with buyers continuing to adopt a cautious procurement approach.

In Chennai, foundry plate (8-50 mm) prices were unchanged at INR 41,800/t, while low Mn CR-busheling remained at INR 45,500/t. Demand continued to be largely need-based, limiting significant price movement.

Outlook

India’s foundry scrap market is expected to remain stable in the near term, supported by steady demand from the automotive and engineering casting sectors and balanced material availability. Prices are likely to remain largely stable unless there is a notable change in finished steel prices, scrap availability or buying activity.