India becomes Asia's largest scrap metal importer

According to official statistics, India was the largest scrap metal importing country in Asia in 2019, with total annual imports of about 7.05 million tonnes, followed by South Korea (6.5 million tonnes), Vietnam (5.5 million tonnes). and Taiwan (3.5 million tons).

For the first time in the last decade, India overtook South Korea to become the largest importer of scrap metal in Asia, which greatly shocked market participants.