9,374.20 TL BIST 100 BIST 100
4.34 CNY CNY CNY
31.10 $ USD USD
€33.71 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
26,590.00 TL Interest Interest
81.25 $ Fossil Oil Fossil Oil
22.84 $ Silver Silver
3.88 $ Copper Copper
118.72 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,032.54 TL Gold (gr) Gold (gr)

Indian ferrous scrap imports increase

India's ferrous scrap imports increased y-o-y in November.

Indian ferrous scrap imports increase

According to statistics, India's imports of ferrous scrap amounted 1.08 million tons in November last year, up 14.5% month on month and up nearly 320% y-o-y. This figure reached the highest monthly import volume since January 2007.

The significant increase in imports from September to November last year was due to Indian steelmakers re-entering the cast ferrous scrap import market for the first time in several years.

In the first 11 months of last year, India's ferrous scrap imports amounted to approximately 5.4 million tons, up 66.6 percent year on year. The sharp increase was due to the low base in 2021.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Scrap prices in Taiwan fall due to global market shifts

Monday, February 26, 2024

Scrap and rebar prices decreased in Türkiye

Thursday, February 22, 2024

How was the steel market trend in Europe this week?

Thursday, February 22, 2024

January data on Pakistan's scrap and steel imports has been announced

Wednesday, February 21, 2024

AM/NS India aims to increase ferrous scrap usage to 10% by 2030

Wednesday, February 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now