India’s ferrous scrap imports in FY’25

 South India, the country’s third-largest ferrous scrap-consuming region, seems to be witnessing a shift in import preferences, with bulk shipments having grown sharply to 0.15 million tonnes (mnt) in FY25 from just 21,000 tonnes (t) in FY24, as per data compiled by BigMint. This is a more than sixfold jump in just one year. South India’s ferrous scrap imports contracted by 15% y-o-y to 1.97 mnt in FY’25. Meanwhile, containerised shipments decreased by 20% to 1.82 mnt.