India’s ferrous scrap imports edged down sharply by over 16% y-o-y to around 8.4 mnt versus over 10 mnt recorded in FY’25. This was due to higher uptake of domestic scrap, partial replacement of scrap by domestic ore-based metallics due to cost consideration and easier availability, and decline in scrap exports by key supplier countries. Geopolitical unrest and disruptions in maritime trade and freight surges also impacted imports.
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