India’s ferrous scrap consumption increased by 15% y-o-y in H1CY’25

India’s ferrous scrap consumption increased by 15% y-o-y to 19.64 mnt in H1CY’25, up from 17.04 mnt in the same period last year. Imports jumped 18% to 4.58 mnt, while domestic consumption grew 15% to 15.08 mnt. Data show that domestic ferrous scrap generation rose by 7% y-o-y in the last fiscal to over 32 mnt compared with 30 mnt in FY’24. Boosting scrap generation through upgradation of domestic recycling infrastructure and bolstering end-of-life scrap processing are key pillars of government policy.