Indian ferrous scrap offers
moved up by up to Rs 100-200/MT on improved demand for the material.
Bhavnagar: HMS
scrap from ship breaking traded slightly higher at Rs 23,500/MT i.e. up by Rs 200/MT
from previous trade. Offers for rolling plates Plate cutting scrap have also
moved up by up to Rs 100/MT. Scrap of 4 ANI plate traded at Rs 24,100/MT, 6 ANI
at Rs 24,600/MT and 12 ANI at Rs 25,500/MT.
HMS (80:20) scrap offers at Mumbai stands at Rs
21,400/t (Basic prices), Chennai at Rs 23,000/t (Basic Prices).
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