01
Aug
11:11
UK-origin surge lifts Indian scrap imports
Indian imports of ferrous scrap under HS code 7204 rose 9% on-year in June to 610,304 tonnes, Kallanish learns from Indian commerce ministry data. The average value of imported obsolete scrap under HS code 720449 was $352/tonne versus $384/t in June 2018.
The import growth came despite a -3% on-year decline in imports from main supplier United Arab Emirates to 89,176t in June. This was offset by an 86% surge in intake from the UK to 84,108t. Intake fro…
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Anonymous
Very good overview of the weekly steel market.
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