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

Shipbreaking prices rose on Monday amid steady demand from the rolling mills in Gujarat and surrounding regions. The daily index for 6Ani rose by Rs550/mt ($7.57/mt) to Rs31,150/mt ($428.94/mt) ex-Alang, with deals reported at index price. Transactions were reported at the current price levels.


The daily indexes for 0.5kg and 1kg plates rose by Rs600/mt each to Rs29,300/mt and Rs29,200/mt ex-Alang, respectively, amid rising demand for finished steel. 


The daily Davis Index for HMS attachment and Melting rose by Rs550/mt each to Rs29,050/mt and Rs28,050/mt ex-Alang, respectively. Shipbreakers expect the prices to rise further considering uptrend in finished steel’s demand which underwent slowdown recently.




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