- India’s bulk ferrous scrap imports hit an all-time high at 2,03,848 t in Sept’22. The volumes jumped 277% m-o-m compared to 54,092 t in Aug’22.
- Lower bulk prices compared to containers and sellers turning to India due to the absence of other major buying countries resulted in a whopping rise in imports.
- Major exporters were the USA, the Netherlands, and the UK.
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