UTC+8 ( BJT)

India: Ferrous scrap imports fall 7% y-o-y in Jan-July

ABSTRACT

India's ferrous scrap import volumes in Jan-Jul'21 dropped 7% y-o-y to 2.4 million tonnes (mn t) against 2.5 mn t seen in Jan-Jul'20, as per data maintained with SteelMint. Preference for domestic scrap and sponge iron restricted scrap import bookings.
The UAE continued to be the largest supplier to India, at 0.73 mn t in Jan-Jul'21 followed by the UK and the US at 0.19 mn t each. However, on a m-o-m basis, Indian import volumes fell marginally by 3% to 0.31 mn t in Jul'21 as against 0.32 mn t

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