en.Wedoany.com Reported - During the assessment period ending June 24, 2026, rebar scrap prices in India's major domestic markets showed divergence. The Jalna market led the gains, supported by active bulk transactions, while the Kandla market was the only one to see a price decline, weighed down by weak export demand and a softening sentiment in the iron ore market.
According to BigMint's latest assessment, Kandla Fe 69% rebar scrap prices fell by INR 50/tonne ($0.5/tonne) from June 20 to INR 8,100/tonne ($86/tonne) DAP. Raipur prices rose by INR 50/tonne ($0.5/tonne) over the same period to INR 7,050/tonne ($75/tonne) ex-works. Jalna prices increased by INR 100/tonne ($1/tonne) from June 17 to INR 6,500/tonne ($69/tonne) ex-works.
The Kandla market saw a slight correction, with sellers largely rejecting lower bids. Market participants expect further price softening over the next one to two weeks, driven by declining iron ore prices and continued efforts by exporters to secure low-cost purchases. Shipments from previously concluded deals are still absorbing market volumes, keeping trading activity subdued. Sellers attempted to maintain offers in the range of INR 8,100 to 8,300/tonne, but the market found support near INR 8,000/tonne. Participants indicated that the gradual liquidation of exporter inventories could improve material availability and encourage new purchases at price levels below INR 8,000/tonne. This week, around 4,500 tonnes of rebar scrap were traded in Kandla on a DAP delivery basis, with prices ranging from INR 7,800 to 8,200/tonne ($83 to $87/tonne).
Raipur rebar scrap prices remained firm and showed a positive trend, primarily due to limited market supply. Most suppliers have committed their existing inventories, leading to spot shortages. Purchasing activity remained selective, with some consumers awaiting delivery of previously ordered quantities. A Raipur trader stated that he was consuming old inventory and avoiding new purchases, as he expects further price softening. Despite cautious buying sentiment, material scarcity continued to support prices. This week, around 700 tonnes were traded on an ex-works basis, with transaction prices at INR 7,050 to 7,300/tonne.
Jalna rebar scrap prices rose, supported by active bulk transactions and healthy buying interest from buyers. Market sentiment remained positive, with new bulk deals supplementing ongoing shipments from previously placed orders. Buyers largely accepted higher mill offers amid sustained demand. The steady flow of material to the Hospet region further supported market activity. Despite ongoing water shortages in Mumbai, market participants indicated that the issue has not yet impacted finished steel production or rebar scrap demand. This week, around 4,500 tonnes of rebar scrap were traded on an ex-works basis, with prices ranging from INR 6,400 to 6,600/tonne.
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