Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
✅ Import scrap prices rise by ₹500–₹800/MT due to supply shortage.
✅ Higher freight costs and reduced shipments drive price increases.
✅ Mills anticipate short-term volatility but expect stabilization ahead.
Import scrap prices in India have surged due to tightening global supplies and increased buying activity from domestic steelmakers. Higher freight costs and reduced availability from key suppliers have pushed prices up by ₹500–₹800/MT in the past week.
Market sources report that increased demand from steel mills, combined with lower scrap shipments from the Middle East and Europe, has created upward pressure on prices. Importers are now facing challenges in securing consistent supplies, driving competition among buyers.
Industry experts believe the supply crunch could persist in the short term, further supporting price increases. However, some mills are adopting a wait-and-watch approach, expecting price corrections once supply conditions stabilize.
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