The Davis Index for HMS attachments and Melting rose by Rs600/mt($8.145/mt) each to Rs29,300/mt ($397.77/mt) ex-Alang and Rs28,300/mt(384.19/mt) ex-Alang, respectively, amid healthy demand from the re-rollers in Mandi Gobindgarh and Gujarat.
Among other rolling scrap grades, the daily Davis Index for 10Ani rose by Rs550 to Rs31,800/mt ex-Alang and index for 12Ani rose by Rs500 to Rs32,250/mt ex-Alang with transactions reported at index price.
The daily Davis Indexes for 0.5kg and 1kg plates rose by Rs650/mt each to Rs29,450/mt and Rs29,350/mt ex-Alang respectively, amid rising demand from government mills in Gujarat for the manufacturing of finished steel, cited a market participant. Trades were reported at the index price.
($1=Rs73.66)