India: Raipur mill scale prices fall by INR 800/t, w-o-w

Domestic mill scale prices are falling on declining iron ore and pellet prices amidst limited buying.

• The current assessment for mill scale (Fe 70/68%) stands at INR 6,000/t exw-Raipur, down INR 800/t, w-o-w. Around 500 t of mill scale was sold at INR 6,000/t exw.
• Domestic mill scale prices are assessed at INR 7,000/t DAP Kandla.
• Traders expect prices in Raipur to correct further in the coming days.