Tag: Indian Scrap Prices
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Indian Ferrous Scrap Imports Fall Marginally in FY18
India world’s third-largest scrap importer after Turkey and South Korea witnessed marginal fall in its scrap imports for the financial year 2018. As per customs data, India imported 4.53 MnT ferrous scrap in FY18 (Apr’17-Mar’18), down 4% as against 4.73 MnT ferrous scrap imports recorded during FY17. High global scrap prices and ample availability of domestic scrap and sponge iron resulted in fall in…