The sharp decline in India’s ferrous scrap imports during FY’26 was mainly due to the better availability and competitive pricing of domestic scrap and alternative metallics. At the same time, uncertain global market conditions and volatile import prices kept buyers cautious, resulting in weaker interest toward imported scrap across most regions in India. At the same time, domestic scrap availability improved due to rising vehicle scrapping, infrastructure demolition activity, and higher industrial scrap generation. This reduced dependence on imported cargoes, particularly in north and west India, which are traditionally key import-consuming regions.
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