Tag: India’s Ferrous Scrap Consumption & Price trends

Imported HMS 80:20 (Europe-origin, Jalna landed) was largely assessed in the range of INR 33,000-37,000/t during the fiscal, while domestic scrap remained cheaper by around INR 2,000-4,000/t. This price gap made imported cargoes commercially less viable for electric arc furnace (EAF) and induction (IF) mills, prompting buyers to increasingly shift towards domestic scrap and alternative…