en.Wedoany.com Reported - As of June 3, 2026, steel slag prices in major domestic Indian markets showed divergent trends. According to the latest BigMint assessment, Kandla Fe 69% steel slag prices fell by INR 50/tonne ($0.5/tonne) from May 30 to INR 8,850/tonne ($93/tonne) DAP; Raipur prices remained stable at INR 7,200/tonne ($75/tonne) ex-works; Jalna prices dropped by INR 150/tonne ($1.5/tonne) from May 27 to INR 6,550/tonne ($69/tonne) ex-works.
The Kandla market softened as exporters pressured prices. During the assessment period, Kandla steel slag prices declined, with exporters successfully negotiating lower purchase prices amid weak market sentiment. Buyers adopted a cautious approach following significant price corrections in recent weeks, leading to a slowdown in new orders and bulk purchases. Market participants indicated that while steel slag prices have eased, rising freight costs offset some of the decline, limiting the attractiveness of current trading levels. Transaction prices were mainly around INR 8,900/tonne ($93/tonne) DAP, with approximately 1,500 tonnes of deals concluded during the assessment period.
Raipur prices remained stable. In Raipur, prices held largely steady, with suppliers maintaining relatively high offer levels despite limited buying activity. Buyers primarily sought lower-priced materials and continued to procure only immediately available supplies from the spot market. Market participants noted that demand from bulk consumers in external regions remained subdued. The absence of large orders curbed market momentum, potentially exerting downward pressure on prices if procurement activity does not improve in the coming weeks. During the assessment period, approximately 2,600 tonnes of steel slag were traded in Raipur, with prices ranging from INR 7,200-7,350/tonne ($75-77/tonne) ex-works.
Jalna prices fell due to weak demand. In Jalna, steel slag prices were further adjusted downward, with mills lowering offers amid weak demand and logistical challenges affecting regional shipments. Market participants remained cautious, primarily focusing on upcoming tenders, which are expected to provide clearer guidance on future price directions and procurement needs. During the assessment period, approximately 400 tonnes were reportedly transacted at INR 6,500/tonne ($68/tonne) ex-works, reflecting the subdued trading atmosphere in the region.
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