Ferrous scrap imports up 45% amid supply gap

India’s import of ferrous scrap — discarded iron and steel items, like old cars — shot up by 45 per cent during the first seven months of the financial year 2026 (FY26), pointing to continued dependence on external supplies for scrap-based steel manufacturing.

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Cumulative imports during April-October period climbed to 5.695 million tonnes (mt), against 3.932 mt a year earlier, according to data compiled from major and minor ports by mjunction services. The data showed a rise in stainless