Indian ferrous scrap imports down 32% in H1 2017 on poor steel demand, BIR says

Imports of ferrous scrap into India fell by 31.56% year-on-year in the first half of 2017 amid disappointing domestic steel demand, the Bureau of International Recycling (BIR) has said.

Shipment volumes of ferrous scrap to India dropped to 2.58 million tonnes in January-July 2017, compared with the 3.77 million tonnes imported over the corresponding period of 2016, according to statistics compiled by the BIR. “India continues to be priced out of the international ferrous scrap market and import volumes are expected to be around 40% lower than last year [for the full...

Published

Lee Allen

October 02, 2017

17:42 GMT

Krems (Austria)