The daily Davis Index for HMS 1&2 (80:20) rose by Rs250/mt ($3.35/mt) to Rs 24,800/mt ($333.09/mt) del Mumbai.
Suppliers raised their offers citing a hike in imported scrap prices. The index for Sponge rose by Rs400/mt to Rs 22,500/mt del Mumbai.
In Mandi Gobindagrh, the index for HMS 1&2 (80:20) rose by Rs300/mt to Rs24,000/mt, while the index for Sponge iron remained firm, in spite of iron ore paucity, at Rs24,100/mt del mill. A few trades concluded at the index price.