The daily Davis Index for HMS 1&2 (80:20) rose by Rs333/mt ($4.51/mt) to Rs27,200/mt($368.6/mt) del Mumbai mill. Transactions were reported at the index price. Raw material prices continue to remain firm amid acute shortage of iron ore. The index for Sponge iron settled unchanged at Rs26,900/mt del mill.
In Mandi Gobindgarh, the daily Davis Index for HMS 1&2 (80:20) and Sponge iron remained unchanged at Rs26,300/mt and Rs27,250/mt, de mill, respectively, amid shortage of iron ore coupled with supply disruption due to farmers’ protest.