India's stainless steel scrap imports stagnate in FY'24

Source: Steelmint Mar 26, 2024 08:30

Stainless steel production rises over 20% in current fiscal. Surge in semis, finished SS imports spoil scrap party. BF-route capacity increase to impact SS scrap imports.

Morning Brief: India's stainless steel (SS) scrap imports witnessed a slight uptick in financial year 2023-24 (FY'24). Data maintained with BigMint reveals SS scrap imports touched 1.30 million tonnes (mnt), marking a marginal 3% increase from the previous fiscal's 1.26 mnt. This limited growth can be attributed to a shift