- Buyers accept higher prices despite requirement-driven procurement
- Kolkata and Kolhapur lead weekly increase; prices firm in south India
India’s foundry scrap market witnessed a moderate price increase w-o-w as of 25 August 2026, with all assessed markets recording upward swings. Prices increased by INR 200-550/t across key foundry scrap grades, driven primarily by tight scrap availability and gains in secondary steel prices.
Market participants reported that limited availability of quality scrap encouraged sellers to maintain firm offers. At the same time, higher secondary steel prices increased replacement costs for foundries, providing further support to scrap prices. Buying activity remained largely requirement-based, although buyers were accepting higher prices to secure material.
Regional price commentary
Kolhapur (west India)
Kolhapur market sentiment turned firm w-o-w, with both assessed grades increasing by INR 500/t.
Foundry plate (4-8 mm) prices increased to INR 39,000/t, from INR 38,500/t previously, while low-Mn CR-busheling prices rose to INR 43,500/t, from INR 43,000/t.
Market participants reported tight availability of quality scrap, while gains in secondary steel prices strengthened seller price expectations. Buyers continued to procure material based on immediate requirements, supporting the upward price movement.
Kolkata (east India)
Kolkata recorded the highest weekly increase among the assessed markets. Foundry plate (4-8 mm) prices increased by INR 550/t w-o-w to INR 39,800/t, from INR 39,250/t previously.
The increase was mainly attributed to limited scrap availability and higher secondary steel prices. Sellers remained firm on offers amid higher replacement costs, while buyers continued to secure material for immediate requirements.
Chennai & Coimbatore (south India)
Southern markets also witnessed a moderate price increase during the week, following stable prices in the previous assessment.
In Coimbatore, foundry plate (8-50 mm) prices increased by INR 200/t to INR 37,800/t, while low-Mn CR-busheling rose by INR 300/t to INR 44,300/t. Improved buying interest and reduced availability of suitable grades provided support to prices.
In Chennai, foundry plate (8-50 mm) prices rose by INR 200/t to INR 36,000/t, while low-Mn CR-busheling increased by INR 300/t to INR 42,500/t. Sellers held firm on offers as replacement costs increased, while buyers continued with need-based procurement
Outlook
India’s foundry scrap market is expected to remain firm in the near term, supported by tight availability of quality scrap and higher secondary steel prices. The recent increase in secondary steel prices has raised replacement costs and strengthened seller price expectations across key markets.
However, buying remains largely requirement-based, which could limit the extent of further price gains. Market participants will closely monitor scrap availability, secondary steel prices and foundry buying activity in the coming week.
Leave a Reply