Tag: ferrous scrap consumption in india

India’s ferrous scrap consumption increases in FY22, imports drop

Apr 30, 2022

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by

Jayprakash Sahu

in Melting Scrap

India’s overall ferrous scrap consumption in the last financial year 2021-22 (FY22) stood at 24.34 million tonnes (mnt), rising 37% y-o-y compared to 18 mnt in FY21, as per data compiled by SteelMint. Out of this, the share of imported scrap was 3.35 mnt, a drop of 20% from 4.20 mnt seen in FY21. Domestic…