India’s imports of copper, stainless steel and ferrous scrap dropped by 62pc, 63pc and 67pc, respectively in April from the prior-year period when the country went into a complete lockdown to prevent the spread of COVID-19.
India scrap imports | Apr-20 | Apr-19 | % change |
Copper scrap | 8,241 | 21,608 | -62% |
US | 1,319 | 4,339 | -70% |
Germany | 1,309 | 3,430 | -62% |
UK | 743 | 1,316 | -44% |
Stainless steel scrap | 44,739 | 120,216 | -63% |
US | 6,589 | 17,002 | -61% |
Vietnam | 2,765 | 4,730 | -42% |
Netherlands | 2,514 | 7,899 | -68% |
Ferrous scrap | 234,460 | 719,084 | -67% |
US | 53,786 | 78,821 | -32% |
UK | 24,485 | 98,576 | -75% |
UAE | 18,237 | 1,18,504 | -85% |