Tag: Foundry scrap market in india
-

India: Supply-driven rally continues in foundry scrap markets; margins remain under pressure
Restricted supply continues to support prices Elevated raw material costs squeeze profitability Domestic foundry scrap markets across India recorded broad-based w-o-w increases, with notable gains in the western and southern regions, while the eastern market showed comparatively moderate movement. The overall market sentiment remained supported by active procurement from foundries and relatively tighter material availability…