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India's ferrous scrap imports surge 96% in Sep' 22.

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Morning Short: India's complete ferrous scrap imports surged by a massive 96% m-o-m to 1.06 million tonnes (mnt) in September, 2022, as per Customs information kept with SteelMint. Quantities were at 0.54 mnt in August 2022 and also at a simple 0.25 mnt in September, 2021. In this 1.06 mnt, the share of

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Indian mills benefit from Turkiye's absence. Key buyers Bangladesh, Pakistan lack appetite. India, well-stocked, can wield price advantage....

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