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

Shipbreaking scrap prices increased on Friday on healthy demand as construction work gathered steam in many parts of the country.

The daily Davis Index for 6Ani rose by Rs200/mt ($2.73/mt) to Rs33,300/mt ($455.47/mt) ex-Alang driven by demand from the rolling mills in Mandi Gobindgarh and Gujarat, with deals reported at index price. 


The daily indexes for 0.5kg and 1kg plates rose by Rs350/mt each to Rs31,950/mt and Rs31,850/mt ex-Alang, respectively, as infrastructure projects are picking up pace and pushing demand for finished steel.


The daily Davis Index for HMS attachment and Melting rose by Rs350/mt each to Rs31,750/mt and Rs30,750/mt ex-Alang, respectively. Shipbreakers said market sentiment is positive.





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