04 Mar 2014 Last updated at 01:09:06 GMT
NEW DELHI (Scrap Monster): The latest import statistics indicate that India’s scrap imports declined sharply year-on-year during the eleven-month period from January to November in 2013. Also, the scrap imports by the country dropped drastically during the month of November year-on-year and month-on-month.
The total scrap imports by the country during the initial eleven months of the year declined sharply by 27.6% year-on-year. India imported 5.38 million tons of scrap during the period.
During the period from January to November, 2013, South Africa was the largest scrap exporter to India. However, the total scrap imports from South Africa declined by 13.1% year-on-year to 846,000 tons. In second place was the UK with total exports falling by 37.2% to 753,000 tons. The United Arab Emirates (UAE) was the third largest scrap exporter to India. The country’s total scrap exports from the UAE amounted to 714,000 tons, down 15.1% year-on-year.
The country’s scrap imports from the US witnessed a sharp fall of 48.9% year-on-year during the eleven-month period. India’s scrap imports from the US totaled 540,000 tons during the period.
Author: Paul Ploumis