Posted on 03 Dec 2024
Morning Brief: India's ferrous scrap consumption rose around 8% in the first 10 months of 2024 (10MCY'24) to over 28 million tonnes (mnt) against 26 mnt seen in the corresponding period last year (CPLY).
This growth marks a shift to greener, more efficient, and cost-effective steelmaking practices, keeping in mind future emission goals.
The overall increase in this period under review was propelled by a rise in domestic scrap consumpt
Source:BigMint