India’s stainless steel (SS) scrap imports witnessed a slight uptick in financial year 2023-24 (FY’24). Data maintained with BigMint reveals SS scrap imports touched 1.30 million tonnes (mnt), marking a marginal 3% increase from the previous fiscal’s 1.26 mnt. As per country-wise shipments data, the United States remained the top exporter of stainless steel scrap to India, with shipments rising a modest 5% to 0.20 mnt in FY’24. Meanwhile, South Korea experienced a significant 37% increase in shipments to 0.12 mnt during the same period.
