The daily Davis Index for 6Ani declined by Rs600/mt ($8.212/mt) to Rs33,300/mt ($455.77/mt) ex-Alang amid sluggish demand from the rolling mills.
The daily Davis Indexes for 10Ani and 14Ani fell by Rs450/mt each to Rs36,050/mt ex-Alang and Rs36,200/mt ex-Alang, respectively, with limited deals at the index price.
The daily Davis Index for 5kg plates dropped by Rs450/mt each to Rs33,900/mt ex-Alang as the construction activities have slowed down on account of winters and weak finished steel demand. Trades thinned.
The daily index for HMS attachments and Melting declined by Rs400/mt each to Rs31,800/mt ex-Alang and Rs30,800/mt ex-Alang, respectively. Limited deals were reported ahead of New Year holidays.