Author: Simran Chanana

India’s ferrous scrap consumption, both for steelmaking and in the foundry industry, stood at around 16 million tonnes (mnt) in January-May 2024 (5MCY’24), an increase of 16% as against 13.43 mnt in the same period of last year. Scrap consumption in steelmaking rose by 17% y-o-y during January-May to 14.51 mnt compared with 12.39 mnt…