Shipbreaking scrap prices in Alang remained mixed amid weak demand. The daily Davis Indexes for 4Ani and 10Ani rose by Rs50/mt ($0.677/mt) each to Rs27,500/mt ($372.47/mt), Rs29,250/mt ($369.08/mt) ex-Alang, respectively.
Among other rolling scrap grades, the daily Davis Indexes for 12Ani and 14Ani rose by Rs100/mt each to Rs29,600/mt and Rs29,700/mt ex-Alang, respectively, with a few trades concluding at the index price.
The daily Davis Indexes for 2kg and 5kg plates remained flat at Rs27,700/mt, Rs28,200/mt, respectively. Limited trades were reported.
The Davis Indexes for HMS attachments and Melting settled flat at Rs27,400/mt and Rs26,500/mt ex-Alang, respectively. A few trades were heard at the index price. The mills, however, expect the prices to rise in the coming week.