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16 Jul
10:12

India continues preference for scrap over ore imports

Indian imports of ferrous scrap under HS code 7204 surged 44% on-year in April to 719,084 tonnes, Kallanish learns from Indian commerce ministry data. Their average value was $501/tonne versus $545/t in April 2018. Intake rose from all top ten source markets. United Arab Emirates provided 35% more on-year at 118,504t, the UK supplied 64% more at 98,576t and the US provided 27% more at 78,803t. Singapore and South Africa supplied 23% and 88% more respectivel…
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