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VIKRAM VARAL

EXIM TRADE IN COMMOD... • 7m

SHORT NEWS about Metal Scraps 1. India exported 8,175 scrap metal containers between March 2023 and February 2024; top destinations were Russia, the US, and South Korea. 2. Global ferrous metal scrap trade decreased by 6% in the first half of 2024 compared to 2023. 3. Top scrap iron exporters in 2023 were the US, Germany, UK, Netherlands, and Japan. 4. European steelmakers requested restrictions on scrap exports. 5. The EU is implementing stricter rules for exporting recyclable materials to developing economies. 6. Factors affecting scrap trade include cheap Chinese steel exports, inflation, and high shipping costs. 7. India's scrap metal exports involved 1,366 exporters and 1,813 buyers, a 37% increase year-on-year. 🏢 Firm Name: VARAL TRADING 📞 Mobile: +91 9588427554 📍 Location: Ahilyanagar, Maharashtra, India 🇮🇳 #Purity-At-Varal

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