India: Bulk ferrous scrap imports hit all-time high level

  • India’s bulk ferrous scrap imports hit all-time high level with 454,078 t in Nov’22. The volumes increased by 35% m-o-m compared to 336,644 t in Oct’22.
  • Lower bulk scrap prices compared to container pricing and a shortage of scrap in the local market were noticed.
  • Major exporters were the UK and the US.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *