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

The daily Davis Index for 5kg plates rose by Rs1,250/mt ($17.033/mt) to Rs34,150/mt ($465.35/mt) ex-Alang amid healthy demand for shipbreaking scrap from auto and construction sector.


The daily Davis Indexes for 8Ani and 10Ani rose by Rs150/mt each to Rs35,150/mt ex-Alang and Rs35,650/mt ex-Alang, respectively, driven by demand from rolling mills in Gujarat along with rising imported scrap offers. Deals concluded at the index price.


The daily Davis Indexes for HMS attachments and Melting increased by Rs100/mt each to Rs32,000/mt ex-Alang and Rs31,000/mt ex-Alang, respectively, with deals concluding at the index price. 




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