The weekly index for ADC 12 in Delhi settled flat at Rs112,000/mt ex-works producer. Secondary alloy manufactures await clarity on whether they will be allowed to resume with limited manpower. Downstream industries like automobile and electronics have already received the permission to operate by following social distancing measures.
Alloy makers were unable to book imported scrap with the offices of shipping lines located in Mumbai and Kolkata remaining shut. Additionally, these manufacturers are yet to secure orders from downstream industries for deliveries post the lockdown.
The weekly Davis Indexes for ADC 12 and LM6 in Mumbai settled flat at Rs120,500/mt ex works and Rs146,000/mt ex works, respectively, as plants are set to remain closed till April 14 at the minimum.
($1=Rs76.20)