Tag: India’s scrap usage in steelmaking rises 6% y-o-y in FY’25. Will FY’26 witness higher growth?

Scrap consumption in steel sector reaches 35 mnt Usage of domestic scrap surges, imports drop sharply Average domestic scrap prices decline y-o-y in key markets Morning Brief: India’s consumption of ferrous scrap in steel production increased by over 6% y-o-y in FY’25 to around 35 million tonnes (mnt from 33 mnt in the preceding fiscal,…