India’s ferrous scrap imports declined by around 18% to 5.61 million tonnes (mnt) over January-August, 2024 (8MCY’24) compared to 6.82 mnt recorded in the corresponding period last year (CPLY). Amongst all the grades, HMS led with over 2,926,352 tonnes (t) but this was a drop of 14% compared to 3,409,628 t in CPLY. Busheling showed the steepest decline of 53% at 71,759 t (151,498 t).
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