Tag: OEM scrap auction prices India

India: CR busheling scrap prices extend correction in July; weak secondary steel demand

Aug 7, 2026

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by

Tarun Naidu

in Melting Scrap

Western and southern markets record steepest monthly decline Northern markets remain relatively resilient on tighter scrap availability. India’s CR busheling scrap market continued to soften in July 2026, with the sharpest corrections recorded in the western and southern regions, according to BigMint’s analysis. Prices in these markets declined by approximately INR 950-2,150/t month on month,…