With falling exports of Iron Ore from India due to higher export duty, have made Indian exporters to look for alternatives. Recently quite a few iron ore exporters have jumped into exporting Mill Scale on the fact that unlike iron ore fines, it doesn't attract any export duty.
“There is a good demand for Mill scale in domestic market, not only from steel/pellet plants but also from exporters. Currently Mill Scale of 70 Fe trades at around Rs 5,100-5,200/t (delivered Vizag port and around Rs 5,200/t (delivered Kandla port),” said a trader based in Eastern India.
Recently a deal of 30,000 tons of Mill Scale was concluded at around $139/t CFR China (In Bulk) where as in containers it is being offered in the range of $113-115/t CFR China, confirmed market sources.
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