Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Shipbreaking scrap prices in India were flat to down on Wednesday. The daily Davis Indexes for 12Ani and 14Ani dropped by Rs100/mt ($1.38/mt) each to Rs35,250/mt ($487.48/mt) and Rs35,350/mt ($488.86/mt) ex-Alang, respectively, amid slow demand from the rolling mills in Mandi Gobindgarh and Gujarat. 


The daily Davis Index for 2kg plates settled flat at Rs32,400/mt ex-Alang amid sluggish demand for finished steel. A few deals were reported at the current price levels.


The daily Davis Index for HMS attachment and Melting remained unchanged at Rs30,850/mt and Rs29,850/mt ex-Alang, respectively, with limited deals.




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