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

Shipbreaking scrap prices in Alang remained mixed amid weak demand. The daily Davis Indexes for 4Ani and 10Ani rose by Rs50/mt ($0.677/mt) each to Rs27,500/mt ($372.47/mt), Rs29,250/mt ($369.08/mt) ex-Alang, respectively.


Among other rolling scrap grades, the daily Davis Indexes for 12Ani and 14Ani rose by Rs100/mt each to Rs29,600/mt and Rs29,700/mt ex-Alang, respectively, with a few trades concluding at the index price.


The daily Davis Indexes for 2kg and 5kg plates remained flat at Rs27,700/mt, Rs28,200/mt, respectively. Limited trades were reported.


The Davis Indexes for HMS attachments and Melting settled flat at Rs27,400/mt and Rs26,500/mt  ex-Alang, respectively. A few trades were heard at the index price. The mills, however, expect the prices to rise in the coming week.




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