Tag: May 2024 scrap import trends
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India’s stainless steel scrap imports range-bound m-o-m in May’24 amid logistic issues
In May 2024, India’s stainless steel (SS) scrap imports remained stagnant with a marginal increase of 1% m-o-m, largely due to the challenges posed by increased freight rates, ongoing port congestion, and limited container availability in Southeast Asia. This region accounts for approximately 45% of India’s SS scrap sources. According to data from BigMint, India’s…