Tag: steel news India

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

Nov 13, 2025

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by

Kamal Gohil

in Melting Scrap

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.…