[SMM Steel] India Domestic Steel and Scrap Prices Move Higher

Published: Sep 28, 2026 16:28 (GMT+8)

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[India Domestic] Domestic steel and scrap market strengthened with prices increasing from Friday across key markets amid improved demand, while tight availability is also supporting prices. Rebar prices up 6 USD/tonne (600 INR/tonne) to 533 USD/tonne (51,200 INR/tonne) EXW Raipur. Mumbai rebar 2 USD/tonne (200 INR/tonne) to 539 USD/tonne (51,700 INR/tonne) EXW Mumbai. Billet increased 11 USD/tonne (1,100 INR/tonne) to 469 USD/tonne (45,000 INR/tonne) EXW Raipur. Durgapur rose 9 USD/tonne (900 INR/tonne) to 468 USD/tonne (44,500 INR/tonne) delivered Durgapur. Sponge iron PDRI up 10 USD/tonne (1,000 INR/tonne) to 304 USD/tonne (29,200 INR/tonne) EXW Raipur. HMS 1&2 (80:20) rose 8 USD/tonne (800 INR/tonne) to 402 USD/tonne (38,600 INR/tonne) delivered Mandi. Mandi ingot up 9 USD/tonne (900 INR/tonne) to 496 USD/tonne (47,600 INR/tonne) EXW Mandi. Mandi Market sources said some ingot deals were heard at 497-498 USD/tonne (47,700–47,800 INR/tonne).. Steel prices may remain stable to firm in early October, although a strong rise will depend on improvement in actual buying demand.

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