Tag: India’s scrap-based crude steel output jumps 16% in FY25 on stronger domestic scrap supply

The sharp decline in India’s ferrous scrap imports during FY’26 was mainly due to the better availability and competitive pricing of domestic scrap and alternative metallics. At the same time, uncertain global market conditions and volatile import prices kept buyers cautious, resulting in weaker interest toward imported scrap across most regions in India. At the same…