Tag: India’s ferrous scrap consumption rises over 15% y-o-y in Jan-May’24 – BigMint data

Scrap demand in steelmaking rises 17% y-o-y to 14.5 mnt Share of domestic scrap at nearly 80% in 5MCY’24 Scrap demand expected to exceed 35 mnt in 2024 Morning Brief: India’s ferrous scrap consumption, both for steelmaking and in the foundry industry, stood at around 16 million tonnes (mnt) in January-May 2024 (5MCY’24), an increase…