Tag: sponge iron versus scrap
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India: CR busheling scrap prices extend correction in July; weak secondary steel demand
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,…