Tag: India’s ferrous scrap imports slide 20% y-o-y in FY’26

India’s imported ferrous scrap fell sharply by 19% y-o-y to an estimated 6.82 million tonnes (mnt) from 8.45 mnt in FY’25, according to BigMint data. The drop marks one of the steepest y-o-y declines in the last four years, driven by compressed mill margins, surging domestic scrap generation, and lower import competitiveness. Despite the decline…