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

Shipbreaking scrap registered an uptick on Thursday as demand drove prices up.

The daily Davis Indexes for 4Ani and 14Ani rose by Rs550/mt ($7.58/mt) each to Rs32,050/mt ($442.21/mt) and Rs35,900/mt ($495.30/mt) ex-Alang, respectively, amid improved demand after a brief lull. 


The daily Davis Indexes for 0.5kg and 1kg plates rose by Rs600/mt each to Rs31,600/mt and Rs31,500/mt ex-Alang, respectively, amid a strong demand for finished steel from the construction and infrastructure sector. 


The daily Davis Index for HMS attachment and Melting rose by Rs550/mt each to Rs31,400/mt and Rs30,400/mt ex-Alang, respectively with deals reported at current levels.




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