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Metal Recycling News September 16, 2014 03:00:32 AM

India's scrap imports recovered during June '14

Paul Ploumis
ScrapMonster Author
The scrap imports by India during the month of June this year recovered when compared with the previous month

India's scrap imports recovered during June '14

NEW DELHI (Scrap Monster): The scrap imports by India during the month of June this year recovered when compared with the previous month. However, the cumulative scrap imports by the country during H1 2014 were significantly down over the previous year.

According to trade data, India imported 514,000 tons of scrap during June this year. This is nearly 2% higher when compared with the imports of 500,098 tons during the previous month.

In June ‘14, UAE was the main exporter of scrap to India. The scrap imports from the UAE totaled 89,000 tons, accounting for 17.32% of the total imports by India during the month. The scrap imports from the UAE were up by 9.5% when compared with the imports during a month ago.

The second largest source of scrap imports by India was South Africa. The scrap imports from South Africa during June ’14 totaled 67,000 tons, down nearly 30% over the previous month. The scrap imports from the UK constituted 13% of Indian imports.

Australia was the third largest ferrous scrap exporter to India during the month. The scrap imports from Australia soared significantly higher during June ‘14. Australia exported 63,000 tons of scrap into India. The scrap imports from Australia jumped nearly 3.4 times when compared with the previous month.

The scrap imports by the country during the initial six-month period in 2014 totaled 2.43 million tonnes, 29.5% lower when compared with the imports during the corresponding six-month period in 2013.

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