India’s stainless steel (SS) scrap imports witnessed a slight uptick in financial year 2023-24 (FY’24). Data maintained with BigMint reveals SS scrap imports touched 1.30 million tonnes (mnt), marking a marginal 3% increase from the previous fiscal’s 1.26 mnt. This limited growth can be attributed to a shift in preference towards semi-finished materials like slabs and billets — driven by competitive pricing from China and Indonesia. Producers opted for these alternatives to optimize production costs.
