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

Imports halve in H1CY’26 amid weaker rupee, high freights Average imported-domestic scrap price gap widens to $38/t from $12/t Mills increase DRI share in metallic mix to optimise costs Morning Brief: 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…