India: Foundry scrap prices remain stable w-o-w across all regions

• Prices hold firm after last week’s hike
• Demand steady; procurement continues on a need-based basis

Foundry scrap prices in India remained stable week-on-week (w-o-w) as of 24 March 2026, following the increase seen in the previous week. While buying activity remained moderate, prices did not correct, as selective tightness in scrap availability and already elevated price levels supported the market.

Demand from the automotive and engineering casting sectors remained steady, with most buyers continuing procurement on a requirement basis. Across regions, a mix of adequate availability and localised supply constraints kept prices largely stable.

Regional price commentary

Kolhapur (West India):
Prices remained unchanged w-o-w, with foundry plate (4-8 mm) at INR 39,000/t and CR-busheling at INR 42,500/t. Market participants indicated that steady inflows and balanced demand kept prices stable, with no strong triggers for movement.

Coimbatore (South India):
Prices held steady, with foundry plate (8-50 mm) at INR 40,700/t and CR-busheling at INR 43,700/t. The market remained firm as tight availability of quality scrap restricted any price correction after last week’s hike.

Chennai (South India):
Prices were unchanged w-o-w, with foundry plate (8-50 mm) at INR 39,200/t and CR-busheling at INR 42,500/t. Adequate scrap availability and steady demand kept the market range-bound.

Kolkata (East India):
Prices remained stable at INR 38,300/t for foundry plate (4-8 mm). The market witnessed balanced demand-supply conditions, with no major disruptions impacting pricing during the week.

Outlook

We expect foundry scrap prices to remain supported by steady demand and selective tightness in prime-grade material. While adequate supply in some regions may limit sharp increases, any further supply constraints could lend upward support to prices.