Imported HMS 80:20 (Europe-origin, Jalna landed) was largely assessed in the range of INR 33,000-37,000/t during the fiscal, while domestic scrap remained cheaper by around INR 2,000-4,000/t. This price gap made imported cargoes commercially less viable for electric arc furnace (EAF) and induction (IF) mills, prompting buyers to increasingly shift towards domestic scrap and alternative metallics such as sponge iron and pig iron, especially given weak margins during the prolonged monsoon when steel prices fell to a five-year low.
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