Tag: Freight rates 2024

India’s ferrous scrap imports decline over 15% in Jan-Aug’24. Know why?

Oct 1, 2024

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by

Kanishka Chhabria

in Melting Scrap

Red Sea crisis elevates freights, delays delivery Cheaper sponge competes with overseas material Steel demand may improve in Q3, support scrap Morning Brief: 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), reveals BigMint data.…