Tag: foundry scrap market
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India: Foundry scrap prices extend rally on tight supply
Price hike in late-Jan CR busheling auction leads to tight supply Casting margins under pressure as raw material costs escalate Foundry-grade scrap prices in India continued their sharp uptrend in the week ended 17 February 2026, with western markets leading gains amid acute supply tightness. The rally, initially triggered by higher auction prices of CR…