MetalsMedium impactAfter close

EU scrap rule may impact Indian metalmakers' costs

30 Sept 2026 · 16:08 ISTafter close1 source ↓written by the desknot a recommendation

India’s metalmakers face potential challenges as a proposed EU rule could restrict shipments of metal scrap, a vital raw material. This disruption may raise production costs and particularly affect MSMEs, squeezing their margins and operational capabilities. Traders should monitor supply chain dynamics closely as this develops.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 30 Sept 2026, 16:08 IST.

Sourcesnews.google.com

Metals

Read inEN हिं తె मरा த ગુ

1 OctSulphur prices surge due to geopolitical tensionsHighSulphur prices have surged nearly four-fold from $280 per tonne in July 2025 to $1,050 in July 2026, driven by geopolitical tensions including the Russia-Ukraine war and U.S.-Israel actions in Iran. This increase significantly impacts India's import costs and could affect fertiliser and metals processing sectors.
1 OctCopper price remains above $14,400 amid Chile strike risksHighCopper prices remained above $14,400 per ton in London as workers at Antofagasta's Centinela mine voted to strike, raising supply concerns. Three-month futures rose 0.2% to $14,446, amid ongoing tight market conditions.
30 SeptNLC India forms joint venture with NALCO for power plantMediumNLC India and NALCO approved a 50:50 joint venture to establish a 1,080 MW thermal captive power plant in Angul, Odisha. The project will support NALCO's smelter operations and has received necessary regulatory clearance.
30 SeptVedanta demerger performance review after three monthsMediumVedanta's demerged entities have shown mixed performance over three months. Vedanta Aluminium Metal initially performed well but faced declines, while Vedanta Limited saw strong momentum in May before stabilizing. The market reaction highlights the differing trajectories of these stocks post-demerger.
30 SeptIndian indices close lower amid global volatilityMediumIndian equity benchmarks Sensex and Nifty50 closed lower for the second day, down 242 points (0.3%) and 64 points (0.2%) respectively, driven by high oil prices and global bond yield volatility. Kotak Mahindra and Tata Steel were among the top gainers.
29 SeptIndia targets 600 MT steel capacity by 2047HighIndia's new steel policy aims for 600 million tons of steelmaking capacity by 2047, with plans to reduce emissions and improve raw material access. Currently, India's capacity stands at 220 million tons, with imports increasing 29.5% year-on-year, mainly from China.

EU scrap rule may impact Indian metalmakers' costs

Related