The looming fears of second wave of COVID-19 has led to a correction with volatility in the market. Mills are buying on requirement basis. The daily Davis Indexes for 4Ani rose by Rs300/mt ($4.05/mt) to Rs27,500/mt ($371.73/mt) ex-Alang. A few trades were reported at the index price.
Among other rolling scrap grades, the daily Davis Indexes for 10Ani, 12Ani and 14Ani increased by Rs250/mt each to Rs29,300/mt, Rs29,600/mt and Rs29,700/mt ex-Alang, respectively, with a few trades concluded at the index price.
The daily Davis Indexes for 1kg, 2kg and 5kg plates rose by Rs250/mt each to Rs27,400/mt, Rs27,800/mt and Rs28,300/mt due to a gradual pick in demand from the construction sector.
The Davis Indexes for HMS attachments rose by Rs100/mt each to Rs27,400/mt and Rs26,500/mt ex-Alang. A few deals concluded at the index prices.