Author: Shubham
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India’s ferrous scrap imports may drop 30% in FY’25
India’s ferrous scrap imports are likely to see a significant over 30% decline to ~7 million tonnes (mnt) in financial year 2024-25 (FY’25) compared to 10 mnt in the previous fiscal, as per BigMint’s analysis. Data reveals, ferrous scrap as a feedstock will be lower this year owing to higher hot metal and DRI production.…