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

 Shipbreaking scrap prices in Alang declined further on Friday amid low demand due to workforce shortage at yards and rolling mills. The daily Davis Index for 6Ani declined by Rs450/mt($5.93/mt) to Rs25,150/mt ex- Alang.

The daily Davis Index for HMS attachments declined by Rs350/mt to Rs22,600/mt ex-Alang.

Many vessels have arrived at the port waiting to be sold. But shipbreakers stayed away from bidding as they continued to grapple with a scarcity of specialised labour required for the gas-cutting process. Only 20 of the usual 45-50 gas cutters are working at Alang at present, share shipbreakers.

The daily Davis Indexes for 1kg plate declined by Rs300/mt to Rs22,850/mt, 5kg plate declined by Rs350/mt to Rs25,550/mt ex-Alang.

The daily Davis Index for 8Ani declined by Rs100/mt to Rs25,750/mt, 12Ani fell by Rs200/mt to Rs26350/mt ex-Alang.


Six ships have arrived at the port in June with a total estimated tonnage of 53040.33/LDT.



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