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

Billet prices fell in Raipur after some sellers accepter lower bids.


The daily Davis Index for billet in Raipur declined by Rs150/mt ($2/mt) to Rs43,150/mt ($582/mt) ex-works on Friday. Some billet sellers reportedly sold material at Rs43,100/mt in the first half of the day.


Pellet sponge prices were at Rs31,000/mt ($419/mt) ex-works Raipur. The daily index for rebar remained unchanged at Rs45,200/mt ($610/mt) ex-works Raipur amid moderate demand.


In Mumbai, the daily index for billet declined by Rs250/mt to Rs45,250/mt ex-works, while the index for rebar was flat at Rs49,700/mt ex-works.


In Mandi Gobindgarh, the daily index for ingot remained unchanged at Rs45,600/mt ex-works.


($1= Rs74.14)


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