Indian Ferrous Scrap Import Fall 36% in July 2016

The Indian imports of ferrous scrap registered sharp decline month-on-month during Jul’16.

As per the recent data maintained by SteelMint, the ferrous scrap imports by India during the month of Jul’16 dropped sharply (36%) over the previous month. It is the fourth consecutive month that the steel scrap imports have noticed a downfall.

The country’s total scrap imports during Jul’16 amounted to 308,200 MT. The imports were down sharply by 36% as compared to Jun’16, which were recorded at 481,500 MT. Indian Scrap Imports for a period of Jan-Jul’16 totaled 3,673,700 MT.

During Jul’16, US was the largest scrap exporter to India. The scrap imports from US totaled 61,622 MT, accounting for approx. 20% of the country’s total scrap imports.

The second largest exporter of scrap to India was the UAE. The scrap imports by the country from the UAE totaled 40,624 MT. In third place was UK with supply volume of 27,567 tons.

Indian ferrous scrap import during Jun’16 & July’16 

Quantity in MT
Source: Customs Data, SteelMint