Shipbreaking scrap prices in Alang rose on Friday amid rise in demand from rolling mills in Gujarat and the North. The daily Davis Index for HMS attachments and Melting rose by Rs600/mt ($8.09/mt) each to Rs26,100/mt ($351.94/mt) and Rs25,100/mt ($338.4/mt), respectively.
The daily Davis Indexes for 4Ani, 6Ani and 8Ani rose by Rs200/mt to Rs26,400/mt, Rs27,400/mt and Rs28,400/mt ex-Alang, respectively, with trades reported at the index price.
The index for 14Ani rose by Rs100/mt to Rs29,200/mt ex-Alang. A few deals concluded at the index price.
The daily Davis Index for 0.5kg plate and 1kg plates rose by Rs600/mt each to Rs26,200/mt and Rs27,100/mt ex-Alang, respectively, amid healthy demand from infrastructure and construction sector.