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

Indian shipbreaking scrap prices in Alang rose on Wednesday amid healthy demand from the rolling mills in Gujarat and the North. The daily Davis Index for 4Ani rose by Rs200/mt ($2.69/mt) to Rs26,000/mt ($349.95/mt) ex-Alang with deals concluding at index price.


The mills preferred to stock material ahead of Diwali this weekend. The daily Davis Indexes for 6Ani and 10Ani rose marginally by Rs50/mt to Rs26,700/mt and Rs28,300/mt, respectively. The index for14Ani settled flat at Rs28,500/mt ex-Alang at which a few trades were reported.


The daily Davis Indexes for 0.5kg plate and 1g plates declined by Rs400/mt each to Rs26,000/mt and Rs25,900/mt ex-Alang, respectively, amid gradual increase in demand from the construction sector.


The Davis Index for HMS attachments and Melting rose by Rs300/mt each to Rs25,800/mt and Rs24,800/mt, respectively, with a few deals reported at the index price.






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