Category: Melting Scrap
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India: Foundry steel scrap market remains under price pressure despite healthy foundry demand
Chennai CR-busheling records steepest correction of INR 1,900/t w-o-w Demand remains healthy, buyers cautious about procurement Ferrous scrap prices across India’s major foundry hubs remained under pressure during the week ended 7 July 2026, with both plate scrap and low-manganese (low-Mn) CR-busheling grades registering fresh declines. The sharpest correction was witnessed in Chennai’s CR-busheling market,…