India: Mill scale prices move higher on improved trade, tight supplies

Mill scale prices in India have increased this week on tight material availability in the domestic market due to shutdown at a few units, SteelMint learnt from sources.

• Mill scale is assessed at INR 9,400/t DAP Kandla, higher by INR 350/t on week. Enquiries in both domestic and exports have remained supported.
• SteelMint’s current assessment for mill scale (Fe 70/68%) stands at INR 8,350/t exw Raipur, up by INR 50/t w-o-w.
• Trader sources have confirmed that around 15,000 t of mill scale deals were concluded at INR 8,300-8,400/t exw Raipur this week.