- Export-linked demand remains subdued in Kandla
- Sellers keep offers firm in Raipur despite muted trade
Mill scale prices across key domestic markets displayed mixed trends as of 3 June 2026, with prices declining in Kandla and Jalna while remaining stable in Raipur. According to BigMint’s latest assessment, Fe 69% mill scale prices in Kandla declined by INR 50/t ($0.5/t) to INR 8,850/t ($93/t) DAP compared with 30 May. In Raipur, prices remained unchanged at INR 7,200/t ($75/t) ex-works over the same period. Meanwhile, Jalna prices fell by INR 150/t ($1.5/t) to INR 6,550/t ($69/t) ex-works against the assessment on 27 May.
Kandla market softens as exporters push for lower prices
Mill scale prices in Kandla moved lower during the assessment period as exporters successfully negotiated reduced procurement prices amid weakening market sentiment. Buyers adopted a cautious stance following the sharp correction witnessed in recent weeks, leading to a slowdown in fresh bookings and bulk purchases.
Market participants indicated that while mill scale prices have softened, rising freight costs have offset part of the decline, limiting the attractiveness of current trade levels. Working prices were largely heard around INR 8,900/t ($93/t) DAP, with transactions for approximately 1,500 t concluded during the assessment window.
Raipur prices remains stable
In Raipur, prices remained largely stable as suppliers continued to maintain higher offer levels despite limited buying activity. Buyers were primarily seeking material at comparatively lower prices and continued to procure only readily available volumes from the spot market.
Market participants noted that demand from bulk consumers outside the region remains subdued. The absence of large-volume orders has restricted market momentum and could exert downward pressure on prices if procurement activity does not improve in the coming weeks. During the assessment period, transactions for around 2,600 t of mill scale were concluded in the range of INR 7,200-7,350/t ($75-77/t) ex-works.
Jalna prices decline amid subdued demand
In Jalna, mill scale prices corrected further as mills reduced offers in response to weak demand and logistical challenges affecting regional dispatches. Market participants remained cautious and largely focused on monitoring upcoming tenders, which are expected to provide clearer indications regarding future price direction and procurement requirements.
Transactions for approximately 400 t were reported during the assessment period at around INR 6,500/t ($68/t) ex-works, reflecting the subdued trading environment prevailing in the region.
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