Tag: India’s ferrous scrap imports decline to 5-year low in H1CY’26

India’s ferrous scrap imports fell sharply by 50% y-o-y to 2.33 million tonnes (mnt) in H1CY’26 from 4.58 mnt a year earlier, according to BigMints data. Imports dropped to their lowest level in five years, last seen during the pandemic in H1CY’21, as improving domestic scrap availability and deteriorating import economics made overseas cargoes increasingly…