Tag: India: Foundry scrap prices continue uptrend amid supply tightness

Plate scrap prices fall sharper across southern markets Tight availability supports low-Mn processed scrap prices Ferrous scrap prices across India’s major foundry hubs continued to weaken w-o-w on 2 June 2026, with plate scrap grades witnessing significant corrections, particularly in southern markets. Chennai recorded the steepest decline, while Coimbatore also saw notable downward movement. However,…