Tag: Red Sea freight disruption

India’s ferrous scrap imports see steepest y-o-y drop in last 4 years Domestic scrap generation surges 22%, reducing import dependence Middle East tensions, freight volatility may limit imports in FY’27 Morning Brief: 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…