Weak Demand Pressures Indian HMS Scrap Prices

The Indian HMS 80:20 (Heavy Melting Scrap) market is witnessing a decline due to sluggish demand for finished steel products. The scrap prices in major hubs like Rourkela and Ahmedabad saw a notable decline of ? 1600 per ton and ? 1300 per ton respectively on June 9th, 2025.