Tag: Indian mills return to bulk scrap imports

Indian scrap buyers are again showing a propensity to buy bulk cargoes after a long hiatus. Data maintained with BigMint shows imports of bulk ferrous scrap cargoes had dropped sharply from March 2023, and had remained depressed throughout last fiscal (FY’24) at a mere 0.75 million tonnes (mnt) compared to a far heftier 2.30 mnt…