Tag: India: Ferrous scrap prices sink to nearly 5-year lows on weak steel demand

Domestic HMS prices drop INR 2,000-2,500/t since Aug’25 Rapid growth in sponge iron output reshapes raw material dynamics Vehicle recycling poised to bolster long-term scrap availability  Morning Brief: India’s domestic ferrous scrap market has plunged to its lowest level in nearly five years as sluggish steel demand and tight liquidity continue to erode buying appetite.…