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

The daily Davis Index for rebar in Raipur remained unchanged at Rs31,200/mt ($408.91/mt) ex-works. Manufacturers, however, feel a few relaxations for selected industries are in the offing from April 20 despite the extension in lockdown until May 3. Almost all secondary mills, which remain shut have pinned their hopes on such an announcement. The daily index for billet also remained flat at Rs26,500/mt ($347.31/mt) ex-works Raipur.


In Mumbai, the daily index for rebar remained unchanged and settled at Rs33,400/mt ($437.74/mt), while the index for billet settled at Rs28,700/mt ($376.59/mt) ex-works.


In Mandi Gobindgarh, the daily Davis Index for ingot remained unchanged at Rs29,800/mt ($390.56/mt) ex-works.


($1= Rs76.30)

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