Davis Index – Daily metal prices, scrap prices & global metal market


India approves measures for reviving the construction sector, which will indirectly increase the demand of long steel products like rebar, rail and structures, wires, pipes over the long-term.    Construction and infrastructure sector are the major driver of steel consumption in India acco

The government of Indonesia has placed a temporary suspension on all scrap imports with an inspection date after 22 November as the government finalizes and step in to implement the new import regulations. The participants and implementing agencies found themselves unprepared as the policy seems res

SAIL and ArcelorMittal had signed a joint venture (JV) agreement for a high-grade cold-rolled automotive steel in 2017. For the past two years, SAIL is waiting for a response from Arcelor. With the planned acquisition of Essar Steel, this venture is expected to be scrapped or delayed further.&n

KIOCL’s proposed plan to integrates its backward and forwards projects to the blast furnace in Mangaluru, Karnataka was approved by the union government.    KIOCL is setting up ductile iron spun pipe (DISP) plant as part of the forward integration project of 0.20mn mt per annum capacity

Hyundai Motors signed an agreement with Indonesia to establish its first vehicle manufacturing plant in Southeast Asia. The new plant would boost ferrous scrap demand in Indonesia where demand for steel is rising.   A Memorandum of Understanding (MoU) was entered by South Korea’s leading auto

Aluminium utensils manufacturers claim that their overall production has dropped by 10pc annually due to sustained social media campaign against the use of aluminium in cooking utensils.   Speaking to Davis Index, Brij Mohan Agarwal, president of FAIAUM said that utensil manufacturers are suffe

Chiho Environmental Group (CEG) announced a joint venture with Hidaka Yookoo, Thailand’s largest ferrous scrap recycler and Suzuki Shokai, a Japanese resources recycling company, to form the Hidaka-Chiho Metal Recycling (HCMR) company on Nov 5.   The newly formed joint ven

Long-delayed Kadapa Steel plant proposal was cleared by the State Cabinet of Andhra Pradesh on Nov 27. The foundation stone for the 1.7mn mt steel plant will be laid on Dec 26.   There is a dispute as to who will fund the project the state or union government. The feasibility studied