13
May
13:37
Steel market slump hits India’s April scrap imports
India's ferrous scrap imports declined in April for the fourth consecutive month, reaching 0.53 million tonnes, a 22% drop from March, according to Cybex data shared with Kallanish.
This decline reflects subdued demand sentiment in the steel sector since the start of the year, which is impacting raw material demand, including scrap.
Over the past four months, the spread between imported and domestic scrap had narrowed. This prompted Indian buyers to prioritis…
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Anonymous
Very good overview of the weekly steel market.
Anonymous