2023: Four months of relentless fall in India’s aluminium scrap imports from the US negates its annual growth

According to the United States Geological Survey's findings, India's aluminium scrap imports from the US decreased over a year in 2023, accounting for 21.94 per cent of the United States total aluminium scrap exports versus 22.95 per cent last year.

As per the USGS data, India imported 452,000 tonnes of aluminium scrap from the US in 2023 compared to 459,000 tonnes in 2022, indicating a year-on-year drop of 1.53 per cent. After August 2023, India's aluminium scrap imports from the US fell relentlessly each month. In September, the imports decreased by 5.5 per cent to 42,700 tonnes, which further declined the following month by 17.33 per cent to 35,300 tonnes. In November, the import volume was 30,700 tonnes, down by 13.03 per cent month-on-month, and continued to fall in December by 21.82 per cent to reach 24,000 tonnes, the lowest this year.

On a year-on-year basis, India's aluminium scrap imports from the US during December 2023 registered a sharp fall of 27.27 per cent from 33,000 tonnes. This indicates that December saw this year's most intensive fall in India's aluminium scrap imports from the US, both month-on-month and year-on-year.