Tag: India scrap market outlook FY’25

India’s scrap consumption up 8% in Jan-Oct’24 as green steel initiatives gain ground

Nov 28, 2024

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by

Kanishka Chhabria

in Melting Scrap

Share of IF-EAF mills rises versus BF route Domestic scrap consumption pulls up volume Imported material becoming scarce & costlier Morning Brief: India’s ferrous scrap consumption rose around 8% in the first 10 months of 2024 (10MCY’24) to over 28 million tonnes (mnt) against 26 mnt seen in the corresponding period last year (CPLY). This…