Global seaborne ferrous scrap trade volumes, excluding intra-European trade, dropped around 6% y-o-y in January-March 2025 (Q1CY’25). Total imports in Q1 declined to around 13.7 million tonnes (mnt) compared to almost 14.5 mnt in Q1CY’24, as per latest data available with BigMint. Turkiye remained the global leader in ferrous scrap imports; however, volumes dropped by 12% y-o-y. India remained the second-largest importer with 2.3 mnt in Q1, a marginal decrease y-o-y.
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