The daily Davis Index for HMS 1&2 (80:20) rose by Rs600/mt ($8.133/mt) to Rs26,300/mt ($356.52/mt) del Mandi Gobindgarh mill, due to its shortage and aided by global cues.
The index for Sponge iron rose by Rs250/mt to Rs27,250/mt with no takers at those levels because of disrupted supply of raw material due to farmers’ agitation in the North, informed manufacturers.
In Mumbai, the daily Davis Index for HMS 1&2 (80:20) rose by Rs500/mt to Rs26,500/mt amid persistent shortage. The index for Sponge rose by Rs200 to Rs26,400/mt del mill. No transactions were heard at the index price.