India FOB drill bits 90%+ assessed at $102.5/kg on Sep 18, 2026, down from $115.00/kg the prior week — the first break below the nine-week $115 floor. That single number sets the international reference point every trader watches this week.
Today’s India Market Rates
These are market rates — an average of what multiple buyers are quoting across various parts of India, not a single city or a fixed offer to buy:
| Grade | Rate (Rs/kg) |
|---|---|
| Tungsten Button Scrap | ₹9,000 – ₹10,000 |
| Carbide Inserts | ₹6,000 – ₹7,000 |
| Carbide Rod Scrap | ₹6,500 – ₹7,800 |
| Mixed Scrap | ₹2,500 – ₹4,500 |
| Sludge | ₹2,000 – ₹4,000 |
Full details and how these rates are compiled: India Market Rates.
Why The Floor Broke
India FOB had held the $115/kg level for nine consecutive Thursday assessments — an unusually long plateau for a benchmark that typically moves with China’s scrap and APT market. This week’s $12.50/kg drop tracks a matching move in China domestic scrap ($94.46/kg) and softer APT demand (China APT spot ¥590,000/mt).
What This Means If You’re Selling
If you’re holding button scrap, inserts or rod scrap, get a confirmed quote rather than assuming last week’s rate still holds: contact us via carbidescrapbuyers.com, or see the full process on Sell Carbide Scrap.
What This Means If You’re Buying or Exporting
A falling India FOB widens the spread against Chinese WC powder FOB ($165-170/kg) and European WC powder (~$300/kg), making Indian-origin material more attractive for non-Chinese sourcing. See Exporters & Buyers for sourcing details.
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