Shipbreaking scrap prices in Alang remained mixed amid scrap shortage. The daily Davis Indexes for 4Ani, 6Ani and 8Ani fell by Rs50/mt ($0.669/mt) each to Rs25,950/mt ($347.4/mt), Rs26,950/mt ($360.8/mt) and Rs27,950/mt ex-Alang ($374.28/mt), respectively.
The daily Davis Index for 10Ani remained unchanged at Rs28,550/mt ex-Alang, while the index for 12Ani and 14Ani rose by Rs150/mt and Rs50/mt, respectively, to settle at Rs28,850/mt ex-Alang. A few deals concluded at the index price.
The daily Davis Indexes for 2kg and 5kg plates rose by Rs50/mt to Rs26,750/mt, Rs27,750/mt ex-Alang, respectively, amid a steady increase in demand from construction sector, with trades concluding at the Index price.
The daily Davis Index for HMS attachments and Melting dropped by Rs150/mt each to Rs25,300/mt and Rs24,300/mt, respectively, amid weak demand for finished steel and rise in imported scrap prices. The Indian currency depreciated to Rs74.69 against the US dollar which could impact trades.