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India's scrap imports plummet in Aug y-o-y

29 Oct 2020 13:54 reported by Joy Liu

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According to the provisional statistics from the Ministry of Commerce and Industry of India, the country imported around 322,000 tons of scrap in August, plummeting by 48% compared to the same month a year ago while hiking by 15.9% from last month.

Among them, the top three import sources were the US, the UAE, and the UK, with a separate import volume of approximately 56,000 tons, 33,000 tons, and 30,200 tons, all of which dropped by 50-62% year on year.

In the first eight months of this year, India's scrap imports amounted to 1.92 million tons, a year-on-year reduction of 43%, and the US, the UK, and the UAE were the largest suppliers.

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