India: Domestic mill scale prices may fall further

Domestic mill scale prices have decreased on declining iron ore and pellet prices this week amid limited buying, SteelMint learnt from sources.

• The current assessment for mill scale (Fe 70/68%) stands at INR 6,800/t exw Raipur, down INR 50/t, w-o-w.
• Domestic mill scale is assessed at INR 6,800-7,100/t DAP Kandla.
• Trade participants expect prices to correct further in the short term.