Tag: India’s ferrous scrap consumption
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India’s ferrous scrap consumption to rise in FY’22, imports drop
India’s overall ferrous scrap consumption in financial year 2021-22 (FY’22) is expected to touch almost 24 million tonnes (mnt), rising 33% y-o-y, as per data compiled by SteelMint. In FY21, the same was at around 18 mnt. In this 24 mnt, the share of imported scrap is expected to be at 3.50 mnt, a drop…