The daily index for 8Ani rose by Rs650/mt ($8.92/mt) to Rs33,150/mt ($454.94/mt) ex-Alang amid healthy demand from the rolling mills in Mandi Gobindgarh and Gujarat.
Strong global cues also drove scrap prices up. The price for HMS 1&2 (80:20) cfr Turkey rose by almost $5.67/mt on Feb 10, compared to a day prior.
The indexes for 0.5kg, 1kg and 5kg plates increased by Rs600/mt each to Rs29,300/mt, Rs30,200/mt and Rs32,000/mt, ex-Alang, respectively. Shipbreakers cited positive market sentiment.
The daily Davis Index for HMS attachment and Melting rose by Rs600/mt each to Rs29,200/mt and Rs28,200 ex-Alang, respectively.