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

The daily Davis Indexes for 8Ani and 10Ani rose by Rs1,850/mt ($25.16/mt) each to Rs35,000/mt ($476.17/mt) ex-Alang and Rs35,500/mt ($482.97/mt) ex-Alang, respectively, amid healthy demand from rolling mills in Raipur and Gujarat, coupled with global cues. The demand from Mandi Gobindgarh remains low.


Among other rolling scrap grades, the daily Davis Index for 2kg plates rose by Rs1,500/mt to Rs32,900/mt ex-Alang as demand from auto and construction sector has picked up.


The daily Davis Index for HMS attachments and Melting increased by Rs1,100/mt each to Rs31,900/mt ex-Alang and Rs30,900/mt ex-Alang, respectively, with deals concluding at the index price.






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