Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Shipbreaking scrap prices in India increased on Tuesday amid healthy demand.

The daily Davis Indexes for 10Ani and 12Ani rose by Rs750/mt ($10.31/mt) each to Rs34,150/mt ($469.47/mt) and Rs34,650/mt ($476.35/mt) ex-Alang, respectively, amid stable demand from the rolling mills in Mandi Gobindgarh and Gujarat. 


The daily indexes for 0.5kg, 1kg and 5kg plates also rose by Rs750/mt each to Rs30,050/mt, Rs29,950/mt and Rs32,550/mt ex-Alang, respectively, amid rising demand for finished steel supported by road infrastructure sector getting a push.


The daily Davis Index for HMS attachment and Melting rose by Rs700/mt each to Rs29,750/mt and Rs28,750/mt ex-Alang, respectively. Shipbreakers indicated positive market sentiment.





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