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13 Nov
12:57

Indian scrap imports reverse growth trend in September

Indian imports of ferrous scrap under HS code 7204 declined -6% on-year in September to 476,175 tonnes, the first drop in multiple months, Kallanish learns from Indian commerce ministry data. The average value of imported obsolete scrap under HS code 720449 was $343/tonne versus $371/t in September 2018. The US in fact increased overall scrap supply to India by 121% on-year in September to 95,333t, but United Arab Emirates and UK supply declined -43% a…
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