Tag: SteelMint Morning Brief
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Indian ferrous scrap imports set to drop 15% in CY21
Indian ferrous scrap imports are likely to fall 15% in CY21, as per SteelMint estimates. Data suggests that imports over Jan-Nov’21 amounted to 3.45 million tonnes (mn t) against 3.85 mn t seen in the same period in CY’20, a drop of 10%. Imports in Nov’21 dropped 31% y-o-y to 0.27 mn t against 0.39 mn…