Tag: India’s FY’24 ferrous scrap consumption seen rising 14% amid higher electric furnace steel output

Domestic scrap consumption rises amid increased generation Reliance on domestic scrap rises as GST challenges get settled Will FY’25 consumption remain range-bound? Morning Brief: India’s total domestic ferrous scrap consumption (including steel and foundry) is slated to rise a moderate 14% to around 36 million tonnes (mnt) in financial year 2023-24 (FY’24), as per BigMint’s…