The daily Davis Index for HMS 1&2 (80:20) rose by Rs300/mt ($4.080/mt) to Rs28,800/mt ($391.76/mt) del Mumbai mill amid healthy trading. Demand continued to outpace supply aiding the price rise. The index for Sponge iron dropped by Rs150/mt ($2.04/mt) to Rs28,200/mt del mills, but these levels were unacceptable for most buyers.
In Mandi Gobindgarh, the daily Davis Index for HMS 1&2 (80:90) rose by Rs200/mt to Rs28,400/mt del mill. Trading thinned due to logistical challenges amid farmers’ agitation. The index for Sponge iron increased by Rs160/mt to Rs27,735/mt del mill.