Tag: India: Ferrous scrap imports surge up to 38% m-o-m in Jul’24 on rising steel production

India’s ferrous scrap imports increased by approximately 38% m-o-m in July, reaching 0.87 million tonnes (mnt) compared to 0.63 mnt in the previous month, according to BigMint’s latest data. Scrap imports surged 26% y-o-y from 0.69 mnt reported in July 2023. BigMint’s assessment indicated that imported ferrous scrap prices were relatively high. For example, in…