India: Domestic mill scale prices fall further by INR 200-300/t

Domestic mill scale prices have fallen further on declining iron ore and pellet prices amidst limited buying. As per latest reports –

• The current assessment for mill scale (Fe 70/68%) stands at INR 5,700/t exw-Raipur, down INR 300/t, w-o-w.
• Domestic mill scale prices are assessed at INR 6,800/t DAP Kandla, lower by INR 200/t, w-o-w. A recent deal for 2,000 t material was heard to be concluded at INR 6,700/t, DAP Kandla.